Do people go into marriage with their eyes wide open?

When people get married, it’s a whirlwind of romance, excitement and planning the big day. The average modern wedding takes about 11 months to plan, over 528 hours (22 whole days). But how much do the to-be-weds understand about the legal and financial implications of marriage? Here, Frances Bentley looks at how couples can go into marriage with their eyes wide open.

Being in the process of planning my own wedding, I can certainly believe the amount of time that goes into it. It is hard not to get swept up in planning the actual wedding day, and sometimes there is a much lesser focus on what marriage actually means after the big day.

As a divorce lawyer, when clients come to me, they say that they did not understand or appreciate the legal and financial implications of marriage when going into it. It begs the question as to whether there should be more education about it before people get married.

It might seem obvious that marriage means a sharing of each other’s lives, hopefully forever, so maybe it isn’t needed. However, if things don’t work out, a lot of people don’t often understand what would actually happen to their finances on divorce. Maybe it isn’t the most romantic thing to think or talk about before you get married, but actually understanding and knowing the implications might mean that people are going into marriage with their eyes open.

I think it is really healthy to have that conversation and so people know where they stand. In my view, it doesn’t undermine the fact that the plan is to stay together forever, and of course that is what the aim is. I actually think it is a bit of a red flag if your future spouse reacts badly to that conversation.

So how can you protect yourself financially if you are getting married?

One way that couples that are to be married can protect their financial position in the event of a future separation is to enter into a pre-nuptial agreement (or a post nuptial agreement if they are already married).

Nuptial agreements can detail what is going to happen with finances in the event of future divorce and whether, for example, one person’s inheritance, or assets brought into the marriage are to be “ringfenced” from any future division of assets on divorce. It allows both people entering into the marriage with knowledge of the other’s financial position and some clarity.

Whilst nuptial agreements are not technically legally binding in England and Wales, they are being upheld much more by the courts and are persuasive, as long as they have been entered into procedurally correctly, both parties have taken legal advice, and are considered to be “fair” to both parties. They can also be reviewed throughout the marriage to take into account any changes in circumstances and ensure that they remain to be “fair”.

On a divorce, the starting point legally or finances is a 50/50 division of all assets. The court would then look at whether or not that is fair, and whether there should be a departure from that starting point, taking into account a number of factors. The factors include what the parties or any children “need” financially, what contributions have been made prior to, during and after the marriage, the standard of living enjoyed amongst other factors, one being whether there has been any pre-nuptial agreement entered into and whether that should be upheld.

The court will look at what is fair and reasonable, in all of the circumstances of the case, and if, the pre-nuptial agreement remains to be fair and reasonable, it is very likely to be upheld and assets brought into the marriage are likely to be protected. It does therefore offer protection and clarity and an understanding of the other person’s financial position before the marriage.

If you need advice on this topic, or any other matters concerning divorce or family law, please get in touch with our team at McAlister Family Law.

Noel Gallagher and Sara MacDonald to divorce after 22 years – Does the length of marriage matter?

Noel Gallagher, Manchester born former Oasis member, and his wife, Sara MacDonald have announced that they are to divorce following a marriage of 22 years. Here Weronika Husejko looks at how the length of a marriage can impact divorce proceedings.

The former couple married in 2011, having begun their relationship in 2001. They have two children together, Donovan, aged 15 and Sonny aged 12, both of whom are still dependent.

It is a commonly queried whether the length of a marriage has any relevance within a divorce financial settlement. The short answer to this question would be yes.

When a Judge considers a financial settlement, they must consider section 25 of the Matrimonial Causes Act 1973. Section 25, amongst other things, specifies that a Judge must in particular have regard to the duration of the couples’ marriage.

What does this mean in practice?

Generally speaking, a marriage usually falls into one of three brackets, that being either a short term, medium term or long term marriage.

A short term marriage would usually be considered to be one of up to 5 years. It should be noted however that a couple cannot divorce until they have been married for a minimum of 1 year. It is more likely that the financial settlement in a short term marriage will take into consideration pre acquired assets. A “clean break” may be considered to be more appropriate in these circumstances. However, this may not always be the case, especially if there are dependent children involved, in which case the focus would be on ensuring that the children’s needs are met.

A medium term marriage would generally be viewed as around 10 years.

Noel and Sara’s marriage would most likely be considered to be a long marriage on the basis that they began living together around 2001, their marriage being a total of 22 years. This is because a period of cohabitation that moves seamlessly into marriage will also be taken into account by the Courts, when considering the length of the marriage.

A longer marriage of this nature can often be more complex when it comes to the financial settlement. The Courts may take a different approach when dividing matrimonial assets in this type of case, compared to that of a short or medium term marriage. By way of example, it is far less likely for the Court to consider Noel and Sara’s respective contributions to the marriage. As a result, it may be that there will be an equal division of assets, unless it is necessary to move away from a 50-50 split to meet the need of one of the spouses.

It may be that Noel and Sara have a pre nuptial agreement, in which case this may be taken into consideration by the Courts, and therefore may have an impact upon the overall financial settlement.

In any event, the Court’s primary interest in their case will be in ensuring that the needs of both Donovan and Sonny are met.

If you need advice on this topic, or any other matters concerning divorce issues, please get in touch with our private child team at McAlister Family Law.