Duncan writes Legal journals. Getting married is a big event
in one’s life and both the partners look forward to some wonderful times ahead.
Emotions are at peak and you wish that everything goes ahead the way you have
always wanted it to be. However, you do not want to be concerned about the
mundane things in life at this point in time and therefore there are a whole
lot of issues that are unconsciously dragged under the carpet. It is necessary
that both the partners commit equally in a marriage. It is unfair that one
person shares more than half of the responsibility while the other partner is
free to go about his/her own ways. It helps to have a prenuptial marriage agreement in place before two people
tie the knot and thus have financial matters sorted.
Amidst all the hectic preparations that take place prior to the ceremony, it is
necessary that both the partners are clear about the different issues including
the finances involved. A prenuptial agreement is more of a private agreement
between two people thinking of going ahead the matrimonial way. The couple
decides a common ground for settlement of financial issues in the event of
separation or death. There are three rules that should be followed while
framing such an agreement. These include the lead time prior to the
wedding, complete disclosure of the clauses and an independent and separate
counsel for each of the parties involved.
There are several states in the United States of America that consider such
agreements to be legally binding. However, the situation is different in the United Kingdom
and therefore not binding. However, the legal scenario has changed to an
extent. Earlier, UK
courts did not consider pre nuptial agreements while settling divorce cases.
But currently they look into its contents before deciding on a case of
separation.
The UK
courts are all set to review the clauses of the agreement and check the extent
to which they were followed. These will include:
Though these agreements are not yet binding in the UK, would-be couples are
increasingly treading the path just to land up on the safe side in case there
is any kind of disharmony in the relationship later on.