Your wedding day involves a large financial outlay which can be protected by wedding insurance giving you peace of mind should things go wrong. Nobody wants to think about anything…
Written by Paula Jones Last updated: June 6, 2006
It might not be the most romantic part of your wedding preparations, but it’s worth considering a pre‐nup.
The last thing you want to think about in the run‐up to your wedding is divorce. Marriage is all about showing the world that you love each other and intend to stay together forever, so why would you want to even consider what happens if it all falls apart? But it’s a sad fact that one in three marriages in the UK end in divorce. Someone somewhere won’t be living happily ever after.
So it’s a good idea to understand exactly how much of your worldly goods you’re about to endow before you waltz down the aisle. Signing a pre‐nuptial agreement might mean the difference between settling amicably if it all goes wrong and having to go the full twelve rounds over the shared flat, car and savings plan. Hopefully you’ll never need to use yours, but if the worst does ever happen, you’ll be grateful you were prepared.
Broaching the subject with your partner may be the hardest part of organising a pre‐nup. Here are some good solid reasons you might suggest:
The short answer is no. Unlike in continental Europe and North America, the UK has been slow in making pre‐nups legally binding. But if they are sensibly drafted and follow the appropriate guidelines, then they are likely to be upheld by the courts.
Caroline Wright, a solicitor in the family law department at Boodle Hatfield Solicitors, says: “Pre‐nuptial agreements aren’t enforceable but there is every indication that in this country we are slowly moving toward the European and North American position, where properly drafted pre‐nuptial agreements are more or less determinative in divorce proceedings. Nevertheless, they are taken into account by our courts now and are influential provided the guidelines are followed. There is therefore every reason to have one.”
The Government (in its consultation paper, Supporting Families, November 1998) raised the issue of whether to make pre‐nuptial written agreements about the distribution of money and property legally binding. It has even mooted the possibility of their registration ‐‐ so be aware that the Inland Revenue may be able to plough through the financial disclosure!
It seems that provided they do not attempt to restrict the court’s powers, these agreements are influential. If the above guidelines are followed, then a pre‐nup is more likely to be worthwhile.
Remember that if you’re a couple and not married, don’t expect to have the same rights as married couples. No matter that you’ve been together for 20 years ‐‐ the idea of common law marriage is only recognised in very limited circumstances. It’s actually a common misconception that a long‐term non‐marital relationship creates a common law marriage, with similar legal rights, duties and privileges as a legal marriage.
Don’t forget your wedding insurance!
Search our supplier directory to see Confetti’s list of preferred wedding insurance suppliers!