Page 22 - ESPC_Jun24

DREAM HOMES

Prenups - not just for the Starting

rich and famous

With the most popular Do they work?
season for weddings and civil Unlike in England and Wales, prenups at The Nursery
partnerships nearly upon us, are generally treated as legally binding
now is a great time to find out in Scottish law if both parties understood
the terms of the agreement and it was
how a prenup (or postnup) fair and reasonable.
could protect your assets.
Are they a good idea?
If you look up celebrity prenups on the They bring clarity about what will happen This marvellous Midlothian home offers everything a growing
internet, you’ll find some jaw-dropping if the relationship doesn’t last. They also family could need.
insights into just how rich some people bring peace of mind to other family
are (and also how demanding they members if they’re worried about a new
can be). These stories are fun, but they partner claiming someone’s assets.
also obscure the fact that, in Scotland,
prenups are increasingly used by Who are they good for?
non-celebrities as well. Anyone who wants to ringfence any
“ Prenups allow you assets they bring to the marriage or
protect them for other family members.
to ringfence assets What if you don’t have one?

being brought to the It’s also possible to make a postnuptial
marriage or protect agreement. It’s similar to a prenup
but made after a wedding or civil
them for other family partnership. Reasons for making one
could include receiving a windfall,
members. “ restructuring your business, or not
having a prenup in place.
What is a prenup?
Prenuptial Agreements set out how
couples’ assets such as property
would be divided if they split up. Paige Burton
Solicitor, Family Law
They’re increasingly popular in
Scotland where people have built paigeburton@lindsays.co.uk
0131 656 5558
up assets before marriage or where
they want to protect assets for children
from a previous relationship.

lindsays.co.uk @lindsaysnews @lindsays
22 | espc.com espc.com | 23