Prenuptial agreements help protect business assets from being split and sold

What is a pre-nuptial agreement?

It is an agreement or contract entered into between two individuals who intend to marry setting out how the assets of the couple will be divided between the parties should the marriage subsequently come to an end. 

 

Protect assets

 These agreements attempt to protect the assets that each party brings with them to the marriage and or an attempt to plan for the division of assets in the case of divorce proceedings to determine the division of assets owned prior to the marriage and those assets acquired during the marriage.

 

The legal status of a pre-nuptial agreement:

Currently there is no Irish legislation surrounding per-nuptial agreements and their enforceability in Irish Law.  There is nothing in Irish Law which obliges the Court to enforce a Pre-nuptial Agreement.  Equally however there is nothing in Irish Law to prevent persons entering…

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