A. When you marry your assets become ‘matrimonial assets’ and, unless specifically protected can be considered for division between you within divorce proceedings. The main purpose of a pre-nuptial agreement is to limit the potential claims on the assets of one of the parties to the marriage and avoid costly litigation over “who gets what”.
At present a pre-nuptial agreement does not carry the same weight as a Court order and will not ‘automatically’ be upheld or enforced by an English or Welsh court in the event of a divorce and/or disagreement.
The courts do however take them seriously, as a prenuptial agreement is evidence of your intentions to one another in the event of your relationship breakdown and one of the factors that a court may take into account when looking at all the circumstances of your case.
The Court will carefully consider things like:
1. Did the party with the most to lose understand the nature of the prenuptial agreement?
2. Did he/she have independent legal advice?
3. Was he/she under pressure to sign?
4. Was there full financial disclosure?
5. Would an injustice be done if the prenuptial agreement were upheld?