New Home, New Income, New Baby: When Life Changes, Financial Expectations Can Too
Does your financial life look completely different now from when you first married?
Over time, couples may buy property, change careers, build businesses or grow their family. Income may increase and assets may become considerably more established.
The financial position you started your marriage with can therefore look very different several years later.
From my experience as a family lawyer, significant changes in circumstances can provide a sensible point at which to review your financial arrangements.
When Might a Post-Nuptial Agreement Be Considered?
A post-nuptial agreement can be entered into at any stage during marriage.
Couples may consider one following changes such as:
Purchasing a new property
Significant changes in income
The growth or creation of a business
Receiving family wealth or an inheritance
Changes in working arrangements
Wider changes in family circumstances
The agreement can record how you both intend your current financial arrangements to be approached.
What Does the Process Involve?
Preparing a post-nuptial agreement requires both people to consider their current financial position.
Financial disclosure and independent legal advice form an important part of that process.
In my experience, this gives couples an opportunity to look at what has changed since they married and make sure they both understand the arrangements they now have in place.
Your financial circumstances do not remain fixed throughout a marriage. Where significant changes have occurred, reviewing those arrangements can provide greater clarity about where you both stand today.
Has your financial position changed considerably since you married? Elizabeth Stocker is a consultant solicitor specialising in family law and nuptial agreements. She can help you understand whether a post-nuptial agreement may be appropriate for your circumstances.
Family Law Through Life, Relationships & Change
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