The Rising Popularity of Prenuptial Agreements
Prenuptial agreements are called prenups. They grow fast among couples. Reports note prenup requests doubled in one year.
Understanding Prenups
A prenup is a signed contract. It stands before marriage or a civil union. The contract lists how partners share assets if the bond breaks. In the UK, courts may accept a prenup if no one is forced and all terms are clear.
Reasons for Their Popularity
• A key case, Radmacher v Granatino, changed views. It made prenups known beyond just the rich.
• Many now marry later. They bring more assets. They face complex money ties. They now talk about cash matters.
• Parental money for deposits shows a wealth gap. Couples now sign prenups as a clear act.
• Views on money have shifted. People now see value in clear cash words.
Who is Opting for Prenups?
At first, rich clients used prenups only. Today, young people who expect more funds and those who remarry use them. They seek clear rules for future times.
Content and Costs of Prenups
A prenup can list property, savings, business parts, and inheritances. It cannot set child plans or illegal tasks. It must be ready 28 days before the wedding. A simple prenup may cost a few thousand pounds. Complex ones may go over £10,000. ## Navigating Prenup Discussions
Talking about prenups feels hard for some. Open money words can build trust. Couples speak simply. They view the prenup as a shared rule that saves both sides.
Conclusion
Prenups now rise in use. Couples talk about cash matters with clear, short words. They sign prenups to guard money in today’s life.
