While it is perhaps unromantic to consider the possibility of your marriage breaking down, it is a fact that many marriages end in divorce. When you marry, your assets become matrimonial assets – and your partner may have a claim on those assets should you divorce. An agreement can set out how these assets should be divided if you separate or divorce.
A pre-nuptial agreement is an agreement entered into before a couple marry, while a post-nuptial agreement is made after the marriage or formation of a civil partnership.
Pre-nuptial and post-nuptial agreements are not legally binding, but a court is more likely to uphold the agreement in the event of a dispute where the agreement is properly drawn up, the terms are reasonable and each party has had separate, independent legal advice on its effect.
You may also wish to consider making a Will to set out what should happen to your assets if you pass away.