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How Prenuptial Agreements Can Affect The Lives Of Couples

Marriage is an exciting affair especially when you know that you are going to spend the rest of your life with a special someone. Marriage is more than just a bond between two individuals. It is also a bond between two families. And as the bond strengthens, it is only likely that the couple will make plans for finances and assets to secure their future. But such plans are slowly becoming a thing of the past. Now, most couples want to secure their personal finances which include properties and other assets. And this has given birth to something called a…

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4 Things To Consider Before Signing A Prenuptial Agreement

Prenuptial agreement is essentially a contract signed by two individuals who are about to enter into a marriage. The purpose of the prenuptial agreement is to protect either individual’s assets in case the marriage fails and a divorce is required. prenuptial agreements are not exactly a welcome concept in the society but the agreement will be instrumental in resolving any disputes over division of assets during a divorce litigation. The Court often follows the terms mentioned in the prenuptial agreement while making the final judgement. Prenuptial agreements need to be explicit in their terms. The purpose of the agreement is…

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3 Ways Small Business Owners Can Protect Business Assets In Divorce

Divorce is a stressful experience, especially when it involves the division of properties, assets and businesses. For some, it is even more painful because a business is about all they have and splitting the business in two can cause a lot of financial damage. Small business owners know how tough it is to operate a business when the economy is constantly changing. Include a divorce and the stress reaches to new levels. So, what should a business owner do at times like these? They can follow three easy steps to limit the impact to their business from divorce. Maintain an…

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You Should Know These Things About Prenuptial Agreements

A legal contract that is agreed upon by two people prior to getting married is termed as a prenuptial agreement. In this agreement, the couple takes care of matters like the kind of property rights they will have in the event of their divorce, any property that they acquire during their marriage and the property, which each of them brings into their marriage. There was a time when the prenuptial agreements were only for wealthy people. Today, things have changed. In case, both the spouses want to own a property jointly, one of them had given up his or her…

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Can a Pre-Nup Agreement Protect You Regarding Spousal Support in CA?

Prenuptial agreements are often signed by those getting bound by a marriage contract to protect certain rights and to give themselves exemptions from certain liabilities, in case the marriage doesn’t work out. It can be a pretty useful piece of agreement in case something unforeseen happens. However, many can’t get past a mental block because of a common perception that it shows lack of love and trust between the partners. However, most experts suggest that these apprehensions are unfounded. Prenuptial agreement under California laws Prenuptial agreements in California are governed by its Uniform Premarital Agreement Act.  So, in California, a…

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Prenuptial Agreements Can Be A Great Act Of Prevention

A preventive approach is always better than being careless and then repent later on. This is especially true for agreements related to the spousal property. In litigations related to the division of divorce property endless hours are spent by the lawyers for disputing factors like amount of spousal support, property classification among others. However, such conflicts can be easily resolved through a premarital agreement through just a few paragraphs. Moreover, such contracts can help in other departments too like resolving contentious questions related to an inheritance that may result in expensive probate litigation. Moreover, premarital agreements can convert divorce-related succession…

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Can a Prenuptial Agreement be Modified?

Prenuptial agreements are essentially contracts which couples enter into prior to the marriage. This contract determines what happens to the spouses and their income/assets in the event of divorce, separation or death. Very specifically, such agreements help in preserving the nature of both spouses’ property if the marriage terminates. Modification of a Prenuptial Agreement The prenuptial agreement between you and your partner can in fact be legally modified or altered sometime in the future (when agreed by both parties). Those terms of the agreement which are not altered remain as is, until and unless both spouses demand cancellation of the…

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3 Reasons Why Your Premarital Agreement Might Be Invalid

Prenups are a great option for couples who are thinking of tying the knot. They are not only meant to protect the interests and rights of both the parties, but also are effective in minimizing conflicts and disagreements in the event of a divorce. However, many a time, the spouses who design their own prenups end up making glaring mistakes in the text. Such mistakes can cause the entire prenup to become invalid in the eyes of the law. Let us have a look at some of the factors that might make a premarital agreement unenforceable by your state laws….

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What Cannot Be Included on Your Prenuptial Agreement?

Although a prenuptial agreement is an excellent approach to minimizing conflicts in the event of a divorce or a legal separation, it is absolutely essential for it to be designed in such a way that it is eligible for enforcement by the state court. The state laws have imposed restrictions on the inclusion of certain aspects of a marriage or related issues, which would otherwise render the agreement as invalid or unenforceable. Provisions that specify anything illegal  All the states restrict you from mentioning any illegal provision that stands against public policy, in your prenuptial agreement. In the event of…

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The Terms You Can Put In Your Prenuptial Agreement

A prenuptial or premarital agreement not only provides a sense of security to both the partners but also minimizes marital conflicts and disputes. However, the State of California stipulates specific rules and guidelines of the terms and clauses that can be incorporated in a prenuptial agreement. Keep your finances separate  Every state has its own guidelines to classify certain assets acquired within a marriage as marital or separate property.  In the event of a divorce or a death of either spouse, the court of law is obliged to equally divide the marital assets between both the parties. In case you…

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