One in ten married couples in Britain regret not making a prenuptial agreement.
A recent survey has revealed that one in ten married couples in Britain regret not making a prenuptial agreement. Prenuptial agreements have been gaining popularity in recent years, with a majority of those asked stating that they would be willing to sign such an agreement but would be nervous about asking their partner to do the same.
The survey, which asked 1000 men and women across England found that 10.1% of those asked regretted not having an agreement in place before their marriage. The most common reason for this was that the other partner had refused to enter into the agreement when asked. A further 2.2% said that they were too nervous to ask about a prenuptial agreement in the first place, while 3% said that they would have made one but were unsure of how to go about it.
The recent increase in prenuptial agreements seems to be from those who are re-marrying after a divorce, where the attitude seems to be more practical with regards to protecting the assets of both parties. It seems especially practical to enter into such an agreement when the high cost of a contentious divorce is taken into account.
It seems that people are coming to realise that at its simplest, a prenuptial agreement is a sound and practical platform to protect the financial interests of both parties, and in the event of a divorce can ease the stress and worry of protracted and costly legal battles.
A prenuptial agreement takes into account any debts, income, property and other assets that have been purchased together, individually, inherited or brought into the relationship. Once married, all of these assets become matrimonial assets and unless they are specifically protected, they can be divided in a way that seems unfair once divorce proceedings begin. The purpose of a prenuptial agreement is to bring clarity and certainty to the divorce proceedings and limit any potential claims on the assets of the individuals.
When making a pre-nuptial agreement, both parties must seek independent legal advice to avoid any accusations later in the proceedings if the situation becomes contentious.