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Bridge over troubled waters: prenups

Kim Fellowes explains how practitioners and clients alike ?can get the most out of prenuptial agreements

21 November 2012

Individuals have to accept that if they marry, there is a one in three chance it will end in divorce. Looking at this statistic, it is surprising that a considerable proportion of individuals do not plan for, or take steps to mitigate, the financial consequences of divorce.

Some may be surprised when I say that it is often advisers close to an individual who should be considering prenuptial agreements, rather than the individuals themselves.

Accountants, banks and private client practitioners are all individuals/institutions to whom someone looks to protect their wealth. A prenuptial agreement is there to do exactly this.

Popular misconceptions

A prenuptial agreement is made between two parties prior to marriage, which details how their individual and joint assets are held by them during the marriage and prescribes what should happ...

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