Page 20 - ESPC_Sept24

DREAM HOMES

Prenups - not just for the An

rich and famous Art Deco delight

Why not find out how a Do they work?
prenup (or postnup) could Unlike in England and Wales, prenups
protect your assets. are generally treated as legally binding
in Scottish law if both parties understood
If you look up celebrity prenups on the the terms of the agreement and it was This three-bedroom flat inside an iconic Edinburgh building
internet, you’ll find some jaw-dropping fair and reasonable. is a real style statement.
insights into just how rich some people
are (and also how demanding they Are they a good idea?
can be). These stories are fun, but they They bring clarity about what will happen
also obscure the fact that, in Scotland, if the relationship doesn’t last. They also
prenups are increasingly used by bring peace of mind to other family
non-celebrities as well. members if they’re worried about a new
partner claiming someone’s assets.
Prenups allow you to Who are they good for?
ringfence assets being Anyone who wants to ringfence any
assets they bring to the marriage or
brought to the marriage protect them for other family members.

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

lindsays.co.uk
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