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Prenups- yay or nay watch
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Last edited by UTG8; 28-03-2016 at 18:55.
- 28-03-2016 18:52
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(Original post by UTG8)
- 28-03-2016 19:01
But i thought the point was that any property doesn't belong to you, but the trust and is treated as separate property. (Obviously simplified) And also if the trust is completely discretionary and established by parents for ex/ (as is the likely case in marriages since people tend to be young) then it can't be touched, right?
The types of orders a court can make depend on what type of trust is in question.
Sometimes the court’s powers are very limited. If the interest is not immediately available, and if no distributions have been made by way of income or capital, then there may be little impact on the financial settlement.
Alternatively, if one of you has been receiving income and/or capital on a regular basis, then the courts are more likely to look at this as a financial resource – and one that can be relied on as continuing in the future.
If the trust is “nuptial”, then the courts have much wider powers.
Thats all a bit off topic, which is pre nups, if updated and not unfair will be upheld by the courts.
- 28-03-2016 19:31
Money isn't that important. Nice to have but I spent years living in 1 bedroom bedsits and cheap motels. I can handle it pretty well.Last edited by Howard; 28-03-2016 at 19:33.