W.Insight Series: Planning for the Future – Even When It Comes to Matters of the Heart

When you’re in the honeymoon phase of a relationship or have been happily committed for years, legal agreements may not be high on your priority list. But having conversations about money and future security is an act of care. Whether you’re moving in together, getting married, or simply sharing assets, ensuring that both partners have a mutual understanding of their financial landscape is key to building a strong foundation.

This is the third instalment of our W.Insight series, created in collaboration with law firm Irwin Mitchell, where we explore practical ways to safeguard your interests - even in matters of the heart. Senior Associate Sarah Paton shares clear and accessible guidance on prenuptial agreements (pre-nups), postnuptial agreements (post-nups), and cohabitation agreements -?what they are, why they matter, and how they can protect both you and your loved one.

Why Should You Consider Legal Protection?

• Financial Security – Ensuring personal assets are safeguarded, providing financial stability and protection regardless of how the relationship unfolds.
• Clarity and Fairness – Clearly define asset ownership and financial responsibilities to avoid misunderstandings and potential disputes.
• Business and Family Interests – Keeping business assets separate from personal finances and ensuring that inheritance or family wealth is passed on as intended.
• Peace of Mind – Having a clear financial plan allows couples to focus on building a strong relationship without uncertainty.

What Are These Agreements, and How Do They Work?

• Prenuptial Agreements – A legal contract made before marriage that outlines financial arrangements in case of divorce, helping protect assets, prevent disputes, and provide clarity. While not automatically legally binding in England and Wales, a well-drafted pre-nup is highly persuasive in court.
• Postnuptial Agreements – A similar agreement entered into after marriage, allowing couples to adjust financial arrangements in response to life changes such as having children, receiving an inheritance, or starting a business.
• Cohabitation Agreements – For couples who live together but are not married, these agreements outline financial responsibilities, asset ownership, and arrangements in the event of separation. With no legal recognition of "common law marriage," cohabitation agreements provide essential protection.

Many people believe these agreements are only for the wealthy or signal a lack of trust in the relationship. They are practical, proactive measures that help couples navigate financial responsibilities fairly and transparently. They are designed to protect both partners and ensure that if circumstances change, there is a clear and agreed-upon plan in place.

By understanding the legal tools available, you can take proactive steps to protect your future while continuing to build a loving and trusting relationship.

Read the full article HERE.

If you have legal questions or want to suggest topics for our next W.Insight feature, we would love to hear from you.

For personalised advice, contact Sarah Paton , Senior Associate at Irwin Mitchell : [email protected]?