Have you taken out/would you take out a Prenuptial agreement?

Harry_Hills

I would deffiently take out a Prenuptial agreement if i was getting married, unfortunately, no one knows what the future holds and inmagine if you split with you wife/husband and you had to give them half or whatever you are worth.

I for one certaintly wouldn't like that and if my partner wasn't happy with having a Prenuptial agreement taken out, you will know for a fact they aren't just marrying you for your love.. :money:

thegirlintheattic

Harry_Hills wrote: »

I would deffiently take out a Prenuptial agreement if i was getting married, unfortunately, no one knows what the future holds and inmagine if you split with you wife/husband and you had to give them half or whatever you are worth.

I for one certaintly wouldn't like that and if my partner wasn't happy with having a Prenuptial agreement taken out, you will know for a fact they aren't just marrying you for your love.. :money:

Hate to burst your bubble but pre-nups are not legally binding in the UK. There was a test case but the outcome was 'in this case yes, but generally no'. Although this is under review by the law society.

I personally would not ask for a prenup - marriage is a partnership and requires trust. If the wife stays home and raises the kids even though she has not made a financial contribution she should still be entitled to something if you split - she's given up her career and earning her own money to look after your children.

DylanO

Yes I would. You never know what the future holds and I wouldn't ever go into something like marriage blind and vulnerable.

shellsuit

No, I wouldn't.

I married for love and legal reasons, I didn't marry thinking, "what if it doesn't last, what then?".

burnoutbabe

yes i would. going into it at say 40, with sizaeble pension and equity in a house, you would be mad not to.

its fair enough if you marry at 20, with no assets, with plans to raise kids together. Not if much older and no plans to have kids.

I may be madly in love. Would i gamble £250k (for example) that he won't change his mind (50/50 odds isnt it of it lasting?)

System

Would i sign a prenup if i married again? Well if it was legal... then no i still wouldnt.

SailorSam

I was going out with a girl that was a Yank, when we she was going home she asked me to go with her, not to marry just live together. She said 'i don't want anything of yours but if it doesn't work out you can't have anything of mine'. She only said that 'cos i had nothing and she was loaded, so she wanted we both to sign a prenup I never went.

FATBALLZ

Easier just to not get married. The biggest beneficiaries of marriage are those working in the legal system, plenty of fat fees taken out of peoples life savings when they split up. By not getting married you can tell them to !!!! off and sort things out yourself. Obviously you should arrange your assets so that you can't get ripped off by your partner though (ie don't put everything in one partners name).

thegirlintheattic

FATBALLZ wrote: »

Easier just to not get married. The biggest beneficiaries of marriage are those working in the legal system, plenty of fat fees taken out of peoples life savings when they split up. By not getting married you can tell them to !!!! off and sort things out yourself. Obviously you should arrange your assets so that you can't get ripped off by your partner though (ie don't put everything in one partners name).

Not always true. An example - if you live with a women for 20 years in a house owned by you and have children together, if you split up she can claim a share of the house even though she doesn't own it and has never paid the mortgage.

Example of this below:
http://www.guardian.co.uk/money/2010/jun/20/mortgage-warning-unmarried-couples
http://static.advicenow.org.uk/files/lt-housing-2010-1208.pdf (see page 12)

ruby-roo_2

I am pretty sure there was something on the news which questioned how legally binding pre-nuptial agreements are.

I have never suggested needing one drawn up before marriage or been asked to sign one. Years ago I would have said that, if you dont have trust between each other then is the relationship that good, and should you be considering tying the knot.

Being older and wiser now, and having risked losing everything I have worked for, I can see it all from a different perspective. I think it depends on how equal your financial situations are and what you feel is a suitable safeguard before deciding if a pre-nup is required.

FATBALLZ

thegirlintheattic wrote: »

Not always true. An example - if you live with a women for 20 years in a house owned by you and have children together, if you split up she can claim a share of the house even though she doesn't own it and has never paid the mortgage.

Example of this below:
http://www.guardian.co.uk/money/2010/jun/20/mortgage-warning-unmarried-couples
http://static.advicenow.org.uk/files/lt-housing-2010-1208.pdf (see page 12)

I don't think those links take away from my point. The first story says that the boyfriend actually jointly owned the property (joint tenants), the girlfriend was foolish to basically pay off half his debt (the mortgage).

The second basically says that if you pay for upkeep of a property you don't own then you can claim ownership of some of the value created by that upkeep. If you own a house, pay for the upkeep yourself, and you avoid any complications. If your non-owning partner just pays you rent, you'll be fine.