Planning for divorce may not be the first thing you want to do after getting married, but you still should.
You’ve said your vows, celebrated with your loved ones and now all that’s left to do after your, this is exactly what you should be doing and, in fact, it’s the most romantic thing you could do for one another as a married couple.
Lloyd wisely added: “What could be more romantic than trying to ensure that you have the best possible chance of remaining a positive presence in each other’s lives and the lives of your future children post any future divorce?”plan for management of asset division, they don’t ordinarily address contribution to a fund to manage the cost of any eventual divorce process.
“This is now changing and many couples are opting to make joint contributions into a divorce fund as well. A fund is set aside, earmarked for the costs of any future divorce often in line with the prenup’s provisions.” As for how much you should put in a divorce fund? Well, Lloyd says that a ‘sensible’ starting point is £100k. Quite unfathomable to most of us, especially during a
However, while this sum may make you gulp, Lloyd warned: “It’s important to point out though that even in modest asset cases costs can spiral into the hundreds of thousands when people litigate unreasonably.”“It would also be sensible, either as part of a prenup, or by way of a separate written agreement, to set out the terms under which either party could utilise sums from the fund, how any excess was to be treated and the parties’ intentions in respect of the fund generally.
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