We have recently heard news of the divorce of Bill and Melinda Gates, after a 27-year marriage. It was revealed that the couple did not have a pre-nuptial agreement in place and as such they settled the division of assets through a separation agreement.
The split of Bill and Melinda is reported to be an amicable one, whereby they were able to settle on the division of assets and beyond the breakup continue to work together on their joint Bill & Melinda Gates Foundation.
Reaching an amicable solution has the advantages of reducing acrimony and allowing couples to maintain a good relationship with one another, especially when children are involved.
Reached an amicable solution can be achieved through direct dialogue, negotiations mediation or through the collaborative process.
It is unfortunately the case however, that many relationships in a similar situation may have matters become more contentious.
As such, having a pre-nuptial agreement, or indeed if already married a post-nuptial agreement, would be advisable.
These agreements are not just for the rich and famous. We all work hard throughout our life to build our financial and property assets and as such it is natural to want to protect these in the event of a relationship breakdown.
It should not be considered taboo to consider entering into married life with a pre-nuptial agreement behind you. The benefits of such agreements extend to both parties involved and protect you from the beginning, should your marriage not end in such a good-natured manner as Bill and Melinda Gate’s had.
Whether you are planning to marry or enter into a civil partnership or are already in one, we would be happy to discuss your options should an agreement be of interest to you.
Further, if you find yourself, like Bill and Melinda, looking to divorce and would value advice on a separation agreement prior to your final divorce, our experienced Family Law team are here to help.