Easily Delete Alternative Choice to the Prenuptial Agreement

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How to Delete Alternative Choice to the Prenuptial Agreement

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hey estate planning attorney paul rabale here and in this video were going to talk about whether that um im getting married later in life im getting married again i want to protect my assets so i want to do a prenup whether that use the prenupt to protect your assets is actually worthless okay so theres a myth out there that ive had to dispel more times than i care to imagine let me give you the situation so lets say lets call them florence and frank you know theyre getting married theyve each been married before and theyre getting married theyre theyre lets say theyre 63 years old and you know as part of the getting married process they want to make sure all their bases and options are covered from a legal financial tax standpoint so they decide florence says well why dont we go to my old divorce lawyer and well get a prenup because thats what you know thats thats what people do when they have children and get married later in life and so as part of that thats what

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What is an alternative to a prenuptial agreement?

Trusts and family vehicles such as limited liability companies (LLCs) can offer wealth protection features similar to premarital agreements. As an initial matter, trusts can be useful in keeping a familys intergenerational wealth separate from marital assets.

How can I protect my house without a prenup?

How to Protect Your Assets Without a Premarital Agreement Keep Funds Separate. In other words, if you have money in an individual account, keep it there as opposed co-mingling those funds in a joint account with your spouse. Keeping Property Separate. Using Trusts to Protect Assets.

How do I make my prenuptial agreement invalid?

If you can prove that your spouse did not fully disclose their assets, that failure to disclose is grounds to have the prenuptial agreement invalidated. The same is true for debt disclosure. If you discover your spouse has more debt than recorded in the agreement, it may be grounds to have the agreement invalidated.

Is having a trust better than a prenup?

Trusts are, in many ways, more secure than a prenup. When you create a trust, your personal premarital assets are now the property of the trust as a separate entity, rather than being owned by you.

Can a prenup be rescinded?

If you and your spouse change your mind after signing a prenuptial agreement and would like to overturn it, you can do so. You could also sign a new agreement after suspending the original.

Can you put whatever you want in a prenup?

Under the law, a premarital agreement is a contract two prospective spouses enter into before marriage that doesnt become effective until they marry. Prenuptial agreements can include income, real estate, earnings, financial interests, debts, and other present or future assets.

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Delete Alternative Choice to the Prenuptial Agreement