Christmas and the New Year can often be the time whereby people, inspired by the festivities of the season, may take the opportunity to ‘pop the question’ to their significant other.
Oh the joy of the whole experience and glee as selfies are shared and Facebook relationship status’ are updated to ‘engaged’.
Whether you are planning a long or short engagement, have a lot of money to splurge or very little, make sure that amidst the magical moments you take the time to consider things for the long term.
It was recently highlighted in the press that the Law Commission is ‘preparing a consultation paper on pre-nuptial and post-nuptial agreements.’ Currently prenups are not legally binding and courts do not have to adhere to what has been drawn up in either prenuptial or post-nuptial agreement.
In the blissful state of pre-wedding harmony it is near on impossible to imagine your happy union breaking down, or even mentioning divorce, but be wise, it’s always better to be prepared.
If a marriage were to break down and people get divorced there are very often long, traumatic challenges over the finances. It is believed that this would be greatly reduced by prenuptial or post-nuptial agreements.
Concerns over multi-million pound divorce pay-outs has prompted this latest consultation paper, perhaps the most famous being Paul McCartney and Heather Mills.
There is concern that people will turn away from the idea of marriage if they cannot rely on the pre-nuptial agreements they had drawn up being honoured in court in the event of a divorce.
Here at McCorry Conolly Solicitors we can help you with this. The potential introduction of legally binding agreements will help to put an end to long, drawn out, bitter fighting over financial settlements.
It is expected that there will be guidelines, designed to prevent spouses being coerced into signing draconian prenuptial contracts. Spouses would need to have received independent legal advice to make the agreements binding. Agreements that were unjust and left children and ex-husbands or wives poverty stricken and at the mercy of the state would be unlikely to stand up in court either.
As the law stands at the moment there is no certainty for couples that have had a post or prenuptial drawn up. Following the proposed changes in the law it would provide a certain amount of predictability, providing the agreements are well thought out and planned properly and professional complied. Here at McCorry Connolly Solicitors we are more than happy to talk you through this consultation paper and any other family law queries you may have.
We will keep you informed and on the right side of legal advice, so don’t delay get in touch today – McCorry Connolly Solicitors for all your family law queries.