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It is important to fully disclose your assets when entering into a pre-nuptial agreement.
This is because both parties should have a clear understanding of each other’s financial circumstances before agreeing to the terms of the agreement.
If you do not fully disclose your assets when entering into a pre-nuptial agreement, this may reduce the likelihood of the agreement being upheld by the court. In the event of divorce, the court may decide that less weight should be given to the agreement when determining how assets should be divided.
To give a pre-nuptial agreement the best possible chance of being upheld, both parties should obtain independent legal advice before signing the agreement.
It is also important not to rush into a pre-nuptial agreement. We recommend seeking legal advice well in advance of your wedding date to allow both parties enough time to consider the terms carefully and reduce the risk of either party later claiming that they were placed under pressure to sign.
Where there are significant overseas assets or more complex financial arrangements, additional time may be required.
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