How are debts owed to family members dealt with in divorce proceedings?
The first question for the court to determine is whether the debts are legitimate, and this is a...
Although something that many of us do not want to think about at the time, it is very important to protect assets when getting married, especially where a business interest is concerned.
A Pre-Nuptial agreement is a contract entered into before marriage which specifies ownership and also outlines how assets can be divided should the marriage later break down. It is ensures, that where expressly stated, separate property remains separate.
A Pre-Nuptial agreement can be drafted to protect against a future inheritance as well as on the flip side, offering financial security where one party to the marriage has a lesser earning capacity. A higher income can be protected as well as a spouse who potentially gives up their earning capacity when supporting a family.
These agreements are not set in stone once made and can be periodically altered and renewed for instance if a child is born into the marriage.
If you wish to book in for an initial consultation to discuss a pre-nuptial agreement, our family solicitors are based in both Wolverhampton and Cradley Heath and serve clients across the West Midlands. For all new enquiries, please call 01902 328 355 or complete our online enquiry form and a member of our team will respond.