
Why A Pre-Nuptial Agreement
Getting married should be one of the happiest times of your life however there
is no reason why being practical about your financial future should stand
in the way of wedded bliss.
Reasonable couples, whose critical faculties are not temporarily impaired by
the tunnel of love acknowledge the fact that almost one in two marriages
in England and Wales will end in divorce
(we in the UK have the highest divorce rate in Europe).
Statistically that is a lot higher than your car being written off in an accident,
your package holiday being cancelled or your property being broken into or burning
to the ground but most people do not hesitate in insuring against these more
remote risks.
Yet marriage which has the same odds as flipping a coin as ending in divorce
could prove a bigger financial disaster than both your house burning to the ground
and your car being written off on the same day without insurance.
Even if you believe that your marriage won't be one of those ending in divorce
would you even think twice about taking out an insurance policy against the more
remote chances of your car being written off or irreparable damage to your home?
Whilst it is a sad fact that we have the biggest divorce rate in Europe we have
also one of the largest rates for second marriages. This in itself brings additionally
considerations for couples who have been previously married and may be bringing
considerably more assets to the new relationship and often have other competing
interests that are necessary to protect such as the financial security and planning
for existing children.


