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Family Law

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Court of Protection Practice and Procedure Conference 2016

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27 OCT 2009

Solicitors predict increase in prenups

Two thirds of solicitors predict an increase in people looking to draw up a prenuptial agreement before getting married in the next 5 years, according to new research from Unbiased.co.uk, the professional advice website.

One in ten solicitors even says that they think this increase will be significant while only 2% of solicitors think there will be a decrease in the number of people seeking prenups in the next five years.

Unsurprisingly 82% of solicitors say that a prenuptial agreement can be an effective way of protecting your assets in a divorce proceeding. However 52% of solicitors say that a prenup will only protect assets in certain circumstances while 30% say they will protect your assets in a variety of circumstances.

Although prenuptial agreements are not entirely legally binding, 20% of solicitors say they have been approached to challenge or support a pre nuptial agreement in the past 12 months.

Karen Barrett, Chief Executive of Unbiased.co.uk, says: "With current divorce rates and highly publicised divorce cases making front page news it is not surprising that more people are looking to protect their assets ahead of getting married. While prenuptial agreements are not currently legally binding it is looking increasingly likely that they could be in five years time so some may feel it worth getting these agreements in place now just in case".

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