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New Year, new me - but is prevention better than a cure?

A big Happy New Year from the family team at Everys!

We are now well into the start of the New Year and thoughts naturally turn to making a fresh start and to look forward to new beginnings.
Sadly, the festive period is not always the perfect snap shot for some couples like we see plastered on television adverts and Christmas cards. It can often be agreed between couples that the festive period may be the last Christmas together for the sake of the children or perhaps the argument over who takes the last roast potato was the final straw for some… but what about putting an agreement into place to avoid the uncertainty and stress that divorce and dealing with the financial aspects can bring?

It is the case that approximately 42% of all marriages will end in divorce with former-spouses feeling that the process is one of the most emotionally draining life experiences they have been through. Here at Everys we certainly hope to assist and ensure that this does not become the case.

As you may have seen reported in the press, Cheryl Fernandez-Versini (formerly Cole) has allegedly separated from her husband of only 18 months. It is also alleged that she did not enter into a pre-marital agreement and is set to lose millions from her fortune.

So does fame and fortune mean you can buy love and happiness? As it appears, possibly not. So how would we recommend better protecting your assets? The answer is a pre-marital agreement. This may also be an attractive option if, like Cheryl, you have been married previously. It may feel like a conversation you would rather avoid but it can often be helpful to identify the potential issues that could come your way and be the best way to resolve these sooner rather than later.

You will have also seen reported in the media, the recent breakdown of Gary Lineker’s second marriage allegedly due to the fact that he did not want any further children and his wife did. Having these conversations at the outset can give you each a clear idea of what your wishes are from the marriage.

Pre-marital agreement are now strongly persuasive and the Law Commission are further reviewing this area of the law so further updates will become apparent in the near future. An agreement like this can also be drawn up for couples who are already married and can make a post-marital agreement. This can rule out any uncertainty as to what would happen following any such separation.

For any further information you require please do not hesitate to contact our family team where our specialists will be happy to assist you further.

And as Cheryl embarks on the legal process again we feel sure she may give further thought to this type of agreement if she makes it third time lucky as: “Fame itself… it doesn’t afford you anything other than a good seat in a restaurant” The late David Bowie

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