Do prenuptial and postnuptial agreements make good financial sense? What about the emotional side? How do you broach the subject with your partner?
We talk to two legal experts about what you need to consider.
If you’ve decided the agreement is the right decision for you, you also need to consider the emotional side of things. When you get married, you’re doing so with the promise of staying together forever.
‘It can be difficult for people to get past the emotional barrier of discussing what should happen if a marriage breaks down when you’re in a happy relationship,’ says Claire.
However, while they may seem unromantic, ‘these agreements can actually be a buttress to a relationship, and after an initial difficult conversation, couples can find the discussion helpful since it is reassuring to be able to talk openly about potentially difficult and challenging topics,’ she adds.
According to law firm statistics, just under a quarter of people who enquire about prenuptial agreements (a phenomenon that has risen by up to 70%) then go on to cancel the wedding. However, lawyers were keen to argue that couples who broke up after enquiring about a prenup would have done so anyway, and it’s better that this happened prior to the wedding.
Marriage today is very different to what it used to be and, with more ending in divorce, it’s easy to see why more people are asking about prenuptial and postnuptial agreements. They’re a good way to protect your finances and to make sure your children aren’t missing out on future inheritance money or protection from existing life insurance policies. However, they are not to be entered into lightly and it’s important you and your partner consider all the financial and emotional considerations before doing so.
 Nicola Haines, 2018. Divorces in England and Wales: 2017, Office for National Statistics