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Aug 6th, 2022
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How to Clean chart in the Prenuptial Agreement Template

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my name is Katie Michelson and Im a partner at the law firm Biermann LLP I practice 100 percent of domestic relations in matrimonial law and today the topic will be on prenuptial agreements theres a big misconception that prenuptial agreements are only for the very wealthy and quite the contrary many of my clients come to me seeking prenuptial agreements to help them sort through and pretty much pre plan whats going to happen in the event of a divorce or an untimely death I often get questions by people asking if they have to have docHub assets or income to enter into a premarital agreement and the answer is a resounding no prenuptial agreements are for individuals who want to have more control on how their assets and income are ultimately allocated in the event of a divorce or even death prenuptial agreements can be as complicated or as simple as individuals like to see Ive done prenuptial agreements that are 30 or so many pages and Ive done prenuptial agreements that are mu

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How to Get a Prenup Decide if you need a prenup. Hire an Attorney to Draft The Agreement. Talk to Your Spouse About Finances. Make a List of Each Spouses Assets, Debts, and more. Draft the Prenuptial Agreement. Define Separate Property. Define Shared Property. Decide How to Pay Existing Debts.
A prenuptial agreement does not cover the following: Child custody or visitation matters. Child support. Alimony in the event of a divorce. Day-to-day household matters. Anything prohibited by the law.
A prenuptial agreement, when properly negotiated, can protect the following assets and interests: Retirement or education funds that either party may have accumulated before marriage. Property that either party owns at time of marriage. Property interests of any children from previous relationships.
Any disclosure of assets should be submitted in writing. A disclosure schedule can be included as an addendum to your prenuptial agreement. Your disclosure schedule should list all assets of both parties. It should outline the value of your assets and any outstanding debts and liabilities.
A fair prenup should safeguard and protect both parties, but it should do so respectfully. This requires both parties to put all of their cards on the table and provide full and fair disclosure of their financial circumstances.
A prenup cant include personal preferences, such as who has what chores, where to spend the holidays, whose name to use, details about child rearing, or what relationship to have with certain relatives. Prenuptial agreements are designed to address financially based issues.
A prenuptial agreement cannot include personal preferences, such as who has what chores, whose name to use, where to spend the holidays, information on child-rearing, or what relationship to have with specific relatives. Premarital agreements are meant to address monetary issues.
ing to Californias Uniform Premarital Agreement Act (UPAA), you can create your own prenup as long as its in writing and you follow all the rules of a valid prenup.

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