Pre-marital contracts are entered into by agreement before marriage and attempt to set out what should happen to the couple's finances in divorce.

More than one in three marriages will end in divorce. This means that in life there is a high possibility that you will marry more than once. As a result couples require greater control over their financial assets.
Pre-marital contracts are entered into by agreement before marriage and attempt to set out what should happen to the couple's finances in divorce. They give an agreed structure for resolving finances and may prevent the need for court involvement.
Pre-marital contracts are not strictly enforceable in England and Wales at the moment. However, the court will consider a contract as one of the circumstances of the case in matrimonial finance proceedings and can decide what weight, if any, should be attached to it in a final settlement.
Many other legal systems, however, will enforce these agreements strictly wherever they were drafted or entered into.
Recommendations have been put forward to the government to recognise pre-marital contracts and to make them enforceable. It seems increasingly likely that there will be a change in the law to reflect this at some point in the future.
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Watch Tony Roe talking about Cohabitation/ Living Together and Adoption issues whilst as his previous firm.