Future proofing your assets: how contracting out agreements can help
Contracting out agreements, commonly referred to as “pre-nups”, can be an awkward topic to raise with your partner, but they are an essential tool in your asset planning and protection toolbox. Contracting out agreements provide clarity to both parties (or their survivors) in the event that they separate or one or both of them dies. Just like an insurance policy – hopefully you will never need to use it, but it is there if the worst happens!