A DIY UK Prenuptial Agreement - Is It Worth It?

A DIY UK Prenuptial Agreement - Is It Worth It

?

If you're getting married, and thinking of making a UK Prenuptial Agreement (also called a Prenuptial Contract or Prenup), there's no reason why you can't draw it up yourself. The contract will protect both party's assets should the marriage come to divorce, but despite its importance, you don't have to talk to a solicitor to obtain one.In fact, should the pair surf the internet they will find companies who can provide documentation so that they can draw up a do-it-yourself prenuptial contract. So should you even consider making a DIY prenuptial agreement?The bet thing about drawing up a DIY prenup is that you won't have to pay for a solicitor. Admittedly, solicitors are expensive. They are generally people who have been undergone a lot of training and have a high level of expertise in this area. If you draw up your Prenuptial Agreement without consulting a lawyer, are you sure you're including everything you need to? Would you realise that both you and your spouse-to-be must disclose all assets you currently own? Would you know that the agreement must be drawn up no later than 21 days before marriage to spare yourselves facing at a later date the accusation that it was made while one of you was under duress? And, if you hadn't read this article, would you know that if your marriage doesn't last long, the court is probably going to reject your Prenuptial Agreement?The advice of a competent solicitor could make all the difference, in future years, between a United Kingdom court accepting your Prenuptial Contract or rejecting it. That is compounded by the fact that the UK Prenuptial Agreement has no legal status here, though following a case during 2010 they are likely to be considered by the courts. The legal uncertainty over the UK Prenuptial Agreement means that it needs to be watertight if you are to be sure of a court accepting it. So it is only sensible to consult a solicitor when you are drawing it up.No-one preparing for marriage ever envisages divorce. But a prenuptial contract is a sign that sadly, people do get divorced, and can then end up losing a significant part of what they own. The money saved by not using a solicitor will be a significant sum if the agreement is thrown out and a large portion of your assets have to be surrendered to your former spouse. So is it a good idea to make a DIY Prenuptial Agreement? The answer is "no".

POST COMMENT

Car interest calculator - methods to work out your payments Ahmad Khawaja: The Real Pseudo Prime Minister 1996 Chevy Impala SS 1967 Chevy Impala Do You Want a PDA With That Meeting? Radiant Vitality From Your Sky Nicola Tesla's Unfinished Battle Understanding the Stages of Endometriosis Physician Assistants Gandah Elephant Sanctuary Do Husbands Usually Come Back After They Leave Their Wives? The R4I Sdhc Dsi Version - Make Sure You're Choosing The Right R4I Card For Your Nintendo Ds 1999 Chevy Tahoe Chevy Suburban