prenuptial marriage contracts they are the death knell for romance? Or are prenuptial agreements practical solutions to address the problematic issue of finances in a marriage?
More and more couples are signing prenuptial marriage agreement before marrying. Not only couples dealing with financial inequality, or couples who have a lot of wealth. These are couples who want to put all their financial cards on the table before walking down the aisle.
A prenuptial marriage contract is signed and notarized contract that specifies how a couple will manage the financial aspects of their marriage. Although not very romantic, this honest financial discussion before a wedding can be a very positive experience
More prenuptial agreements :.
Having a prenuptial marriage agreement does not mean that the couple is anticipating divorce.
financial matters face.
prenuptial agreements can preserve family ties and inheritance.
If your future spouse will not sign a prenuptial marriage agreement, it may be better to find out before the wedding.
financial well-being of children from a previous marriage can be protected.
personal and business assets accumulated before your marriage is protected.
a prenup puts financial expectations on the table before your wedding.
a prenuptial marriage contract specifies that the assets of a spouse may want to give to children or other family members in case of death.
in the case of a divorce, a prenuptial agreement eliminates battles over assets and finances.
Less than prenuptial agreements:
prenuptial marriage contracts may be set aside for failure to disclose all assets, or if there is evidence of fraud, coercion, injustice, or the lack of representation at the time of signing the agreement.
They are unromantic.
prenups can give the appearance that there is a lack of trust between partners.
a prenuptial agreement could create resentment between spouses.
a prenuptial marriage agreement makes it seem like there is a lack of commitment to the life of the other.
History of prenuptial agreements:
nuptial agreements have been around for thousands of years. During the 19th century, before the Property Act of married women in 1848, agreements were necessary for women in the United States. Until the law took effect, everything a woman owned or inherited was transferred to her husband. If he is dead or divorced, she could lose everything
Community Property States :.
property statements of the Community in the United States are Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington, Wisconsin, and the territory of Puerto Rico. Their laws stipulate that assets accumulated during the marriage is divided equally in case of divorce. Other states have a policy of division of assets on a fair distribution of basic
The things to remember about prenuptial agreements :.
If you are considering having a prenuptial agreement, it is important to remember three things:
1. Discuss the agreement early in your relationship. Do not wait until you are ready to walk down the aisle.
2. Be honest. Do not try to hide your thoughts, feelings or assets.
3. Hire separate lawyers so that you have both a good representation.
4. Consider asking both attorneys to provide an affidavit from an independent legal advisor. Keep affidavits with the document original prenuptial.
