More financial advisers are looking to increase their knowledge of pre-nuptial agreements, indicating a rise in demand from clients looking to protect financial assets in marriage.
A survey from leading law firm Blake Morgan found 4 in 5 financial advisers are looking to increase their knowledge of pre-nuptial agreements to aid in client servicing – a third more than in the previous iteration of the survey, which was published in 2017.
At a time when uncertainty about the future seems at an all-time high, individuals, families and professional advisors have an increasing appetite for understanding personal circumstances and how the law can be used in a very practical way to record agreement about how certain scenarios should play out.
Financial advisers looking to learn more about pre-nuptial agreements to meet client demand should seek the support of legal specialists who can provide the required expertise to make such arrangements.
The survey also found over a third of financial advisers had seen a rise in the number of cases where a nuptial agreement would benefit a client.
Catherine Morgan, legal director at Blake Morgan, said: “There’s no question that the current economic climate is causing people to think carefully about their finances, and this is especially true in marriage.
“We are seeing a rise in the number of individuals and financial advisers approaching to us for advice on setting up pre-nuptial agreements, to support in protecting their assets. We’re working with advisers to equip them with the knowledge and expertise needed.”
Blake Morgan family law, private client and corporate teams are specialists in pre-nuptial agreements and support both financial advisers and direct clients in these matters.