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What is a Prenuptial Agreement?
A prenuptial agreement, antenuptial agreement, or premarital agreement, commonly abbreviated to prenup or prenupt, is a contract entered into prior tomarriage, civil union or any other agreement prior to the main agreement by the people intending to marry or contract with each other. The content of a prenuptial agreement can vary widely, but commonly includes provisions for division of property and spousal support in the event of divorce or breakup of marriage. They may also include terms for the forfeiture of assets as a result of divorce on the grounds of adultery; further conditions of guardianship may be included as well.
A prenup can protect you from the responsibility of your spouse’s debts prior to your marriage. It can be tailored to serve as an outline of exactly how you and your spouse will handle financial issues. It can also determine how your assets and estates are passed on and declare ownership of property.
Here are just a few of the important benefits of a Prenuptial Agreement.
- Acknowledgement of No Claims
- Separate Property
- Waiver of Rights in Property and Estate of the other
- Earnings during the Marriage
- Contributions and Accumulations in Retirement and Accounts
- Separate Obligations/Debt
- Income Taxes
- Change of Circumstances
- Effect of Children
- Shared Property
- Wills/Codicils or Other Transfer of Property
- Necessary Documents
- Governing Law
- Entire Understanding
- Binding Effect
- Effective Date
A Prenuptial Agreement can avoid potential arguments if you ever divorce.
We have standard prenuptial agreements ready to protect you and your fiances finances. Call today 954-866-5056