Pre-nups 'can ease financial planning after divorce'

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Pre-nups 'can ease financial planning after divorce' /resources/news/family/1151-Pre-nups-can-ease-financial-planning-after-divorce

Home > News & Resources > News > Family > Pre-nups 'can ease financial planning after divorce'

Pre-nups 'can ease financial planning after divorce'

Couples have been advised that signing a pre-nuptial agreement can help them to make financial planning for the eventuality of divorce easier.

Financial advice website lovemoney.com has reminded consumers that separation can bring with it a number of implications for both partners' financial status beyond the initial divorce settlement.

This can include one party continuing to have an effect on their ex-partner's credit rating even after divorce.

The site therefore stated that pre-nuptial agreements can provide a way for partners to end their financial responsibilities to one another should they eventually decide to split.

Divorcing couples were also advised to make sure that they close their joint accounts and inform credit agencies in order to make a clean break.

Last month, the Law Society reminded those considering a separation to ensure they take legal advice in order to make the process as transparent and painless as possible. ADNFCR-2347-ID-19394987-ADNFCR