Steps To Take If You and Your Partner Plan on Signing A Prenup – Signing a prenup can be awkward for some couples. It’s an unromantic document that’s essentially about how you and your partner would deal with divorce. It’s a contract that puts into writing how you would manage your assets, financial support from each other, as well as other aspects of your linked lives if the relationship ends. If you and your partner feel like signing a prenup is something that must be done, it doesn’t need to feel so awkward. Here are some steps to take if you and your partner plan on signing a prenup.
What Is a Prenuptial Agreement?
A prenup is a contract that a couple signs before they get married. The idea behind having a prenup is to protect each person’s individual assets in the event of a divorce. A prenup can also cover things like spousal support and how the couple will co-own assets they have together. The reason people sign a prenup isn’t that they don’t trust their partner or because they’re worried about divorce. It’s because each person has certain assets or items that are unique to them, and they want to protect those items from being split in a divorce.
Arranging a Solicitor
Before you dive into the nitty-gritty of the prenup, it’s important to set up an appointment with a solicitor. This is the professional who will help you draft a prenup while making sure that it’s fair and agreeable to both you and your partner. To find the right solicitors in Stockport to help you get started creating your and your partner’s prenup, head over to Clifford Johnston & Co for expert advice.
Organising Non-Family Witnesses
When it comes to signing your prenup, you will require two non-family witnesses to be present. When it comes to signing your prenup, you will require two non-family witnesses to be present who will also sign the document to prove they were present to witness the signing. You might be confused as to why witnesses are necessary. In the event of a dispute or if either of you contests the prenup, the witnesses can testify that the terms and conditions in the contract are true and accurate. They can also testify that both of you were mentally sound when the prenup was signed. The reason these witnesses must be non-family members is to ensure they are not obligated to take sides if a dispute arises.
The Benefits of a Prenuptial Agreement
There are several reasons why you should get a prenup. The first is that it’s a great way to make sure you’re protected in the event of a divorce. It’s also a good way to set boundaries on what spousal support you’ll get from your partner and vice versa. Another good reason to get a prenup is that it can show that you’re responsible and prepared for whatever life throws at you. Plus, it can make you feel more comfortable getting married if you’re worried about your future in the relationship.
Final Thoughts
In most cases, a prenup is drafted by a solicitor, witnessed by two non-family members, and signed by both partners. It’s an important document that lays out your financial expectations and responsibilities as a couple in the event of the relationship coming to an end.
Poppy Watt