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3 February 2020

Planning a Valentines Day Proposal? What’s the legal difference?

At this romantic time of year many couples choose Valentine’s Day as the perfect opportunity to take the next step in their relationship and plan a proposal.

The decision to marry brings with it a change in legal rights and obligations but many couples get wrapped up in the excitement of planning their big day. Alongside choosing the venue, flowers and catering, it is also important to understand how your legal rights will change after the big day.

Unlike couples who live together, once a couple has married their legal relationship changes and should they separate and divorce at a later date, all their assets owned jointly or in their sole names will be considered for division between them under the Matrimonial Causes Act 1973. This may lead to claims in the future against your pensions or a property held in your sole name for years before you ever met your fiancé/fiancée.

A Pre-Nuptial Agreement may be one way couples can limit their financial risks when marrying. Whilst this may seem cold and unromantic at what is an exciting time, more couples are choosing to sign these agreements to try to protect their assets from divorce.

Our specialist Family Law team at Steeles Law will be able to advise you on a Pre-Nuptial Agreement or any other steps you and your fiancé should consider taking to protect your legal position. Please contact them on family@steeleslaw.co.uk or 01603 598000.

 

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