what do postnups protect you from?

Nathsgirl

Iin a nut shell how do they protect youand how do they work is it expensive?

BitterAndTwisted

I don't think they exist in UK law. The time to be thinking about protection of precious assets is BEFORE the nuptuals not afterwards! Still, if a person is seeking to protect their assets from a legally-wed spouse one wonders why they decided to get married in the first place.

lostinrates

BitterAndTwisted wrote: »

I don't think they exist in UK law. The time to be thinking about protection of precious assets is BEFORE the nuptuals not afterwards! Still, if a person is seeking to protect their assets from a legally-wed spouse one wonders why they decided to get married in the first place.

I don't know if all prenup a require this, but my experience has been that review and conformation or update was required after marriage, post nuptially , within a defined period under a term of the prenup.

Situations they might be relevant in are second marriages where parties have children and assets of first marriages where its felt cleaner to keep finances of those separate, particularly if no later children are planned.

Our case was nothing to do with that though,:)

fluffnutter

Nathsgirl wrote: »

Iin a nut shell how do they protect youand how do they work is it expensive?

They don't protect you and they don't work. Not automatically anyway. A judge *might* take them into account - they're a statement of intent that you've both agreed on presumably - but UK divorce law assumes a 50/50 split with particular emphasis on protecting children and takes it from there. Any post-nup will take second place to this.

Same with a pre-nup really although they're starting to be taken more seriously.