AsAbove | The Quality Directory
Article DetailsWhy You Should Sign Prenuptial Agreements before your Marriage |
| Date Added: November 23, 2011 08:21:21 PM |
| Author: Max Renouf |
| Category: Business & Economy: Law |
| Couples make prenuptial agreements before their marriage detailing how they will share their properties in case one party dies or they divorce. Some of the issues addressed by the agreement includes what property each couple gets, who pays alimony and carries the details of how long and how much. The prenuptial agreement also caters for family debts like credit cards and mortgage bills. The agreement clearly states who will be liable to debts. Other information you will find in the prenuptial agreements is who acquires the property of a spouse in case he or she dies. Prenuptial agreement is similar to postnuptial agreement, but prenuptial has more legal requirements. Therefore, prenuptial agreements set the guidelines of how marriage will work before the couple ties the knot. In many occasions, the agreements are also referred to as premarital contract or agreements. In the recent years, many states have created acts that guide couples during the process. The agreement is enforceable by law, but in some cases, the agreement outlines its validity. It is therefore common to find prenuptial agreements with terms and conditions. The most common condition is the number of years the couple must be married for the agreement to be valid. However, the agreement is enforceable if a spouse is unfaithful even before the years agreed on the contract. Prenuptial agreements role is to protect individuals property against gold-diggers and thus, they are very common with billionaires and celebrities. However, many prenuptial agreements are being signed on daily basis and their popularity is growing among the public. Although, it is highly important before getting married to sign an agreement, some factors increase its importance. The factors that raise the need for prenuptial agreements include, but not limited to, if a spouse owns property, have a retirement account, owns stocks, children from earlier relationships, in case a spouse intends to further education, and when one spouse is richer than the other. It is however vital to understand prenuptial agreements are liable to changes even after being signed, sealed and delivered to attorneys. The agreement terms are liable to changes when couple voluntarily agrees to change the conditions of the agreement, or by court hearing. Therefore, in case of unfair treatment, you can try the options to change the conditions. However, despite the option of change, it is important to avoid the mistake rather than correcting. It is therefore essential to learn tips on how to sign a prenuptial agreement. There are several dos and don'ts when it comes to prenuptial agreements. Starting with dos when asked by your spouse to sign the agreement, you should seek the assistance of a lawyer, checklist the assets and debts to ensure they are all included, and involve your spouse to discuss the terms. You should however avoid waiting until your engagement date to discuss the issue, and do not assume everything will be all right in your marriage. The other issue top avoid is trying to please your spouse by avoiding thorny issues. Although majority sees signing prenuptial agreements as forecasting doom days, it may act as stress releaser when your marriage fails. Culshaw Miller are Solicitors based in Perth, Western Australia. You should talk to Culshaw Miller if you are in need of professional legal service. |
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