Making Money Consider this before getting married
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Jun 23, 2025 Ursula Danagher, a seasoned family lawyer with over 30 years of experience in divorce and prenuptial law, shares invaluable insights on financial planning for couples. She argues that getting a prenup isn't just for the wealthy; it's smart for everyone. Ursula discusses the necessity of open financial conversations in relationships and the importance of prenuptial agreements to protect individual assets. She highlights the often-overlooked contributions of partners and stresses that transparency can prevent conflicts down the line.
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Invest in Quality Prenups
- Well-drawn prenups costing around £1500-3000 can reduce divorce costs significantly.
- Organized couples save money as transparent, pre-planned agreements reduce lawyer time and legal battles.
Divorce Finances Often Underestimated
- Average divorcing couples have homes, pensions, and savings but may underestimate complexity of finances.
- Divorce itself is simpler than the financial settlement, which needs thorough professional handling.
Prenups Streamline Divorce Process
- Proper prenups that meet legal criteria help courts accept agreements, reducing dispute costs.
- Clear agreements cut down lengthy legal processes and build certainty for both parties.