Posted on 19th September 2018
A Premarital Agreement (PMA) is a written agreement entered into by a couple prior to their marriage or civil partnership. The agreement establishes what the couple would like to happen to their assets and income in the event that their marriage or civil partnership breaks down. If a PMA is not drafted and the marriage or civil partnership does, in fact, break down, the Court has total discretion as to financial provision, i.e. the division of the couple's assets and income. In most cases, financial provision will be the core focus of the PMA, however, the agreement can cover other aspects too, such as provision for death by way of will – a solicitor can advise on what is reasonable and likely to be upheld by a Court.