What is considered premarital property?
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What is considered premarital property?
Premarital Property For example, a bank account can become comingled property if the other spouse was added to the account or funds were used from the account that make transactions indistinguishable between separate transactions and marital transactions.
Are premarital assets protected in divorce UK?
Provided the correct steps are taken and the parties seek independent legal advice a pre-nuptial or post-nuptial agreement is likely to be upheld on divorce and can provide the necessary protection for parties who wish to preserve assets such as those acquired prior to the marriage or an inheritance.
Is a house a premarital asset?
Owning a house before marriage of course means it is premarital property. It also does mean you should have a separate property interest in it during divorce.
