Easily Insert Value Choice into the Prenuptial Agreement

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How to Insert Value Choice into 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 the importance of prenuptial?

What Can a Prenuptial Agreement Do? In short, a prenuptial agreement sets rules for the court to follow regarding each partys interests in the couples marital assets in the event of a divorce or one partners death.

What is a prenuptial agreement in BitLife?

A Prenup, a.k.a. prenuptial agreement, is an agreement in BitLife claiming that you have exclusive ownership of all your assets accumulated before marriage. Hence, in case you and your partner part ways in the future, you wont have to share your wealth with them.

What is the best alternative to a prenup?

The best way to protect assets is not a prenuptial agreement, but via an irrevocable trust. This helps to keep the assets outside your marital estate and is more difficult to contest in court.

What value is a prenup?

A prenuptial agreement gives a couple a clear picture of their finances and what could happen should they have to address asset and debt division in a dissolution of their marriage. This is especially pertinent for those getting married later in life and those who have been married previously.

How can I protect my money without a prenup?

Can I Protect my Assets Without a Prenup? Consider a post-nuptial agreement. Keep your own funds separate. Keep your own real estate separate. Keep retirement accounts statements issued prior to and at the date of marriage.

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.

What is stronger than a prenup?

The main difference is timing prenups are done before marriage and postnups are done after. While both may be tough to enforce, postnups are sometimes seen as shakier, but may be the only way to address these matters after a couple is already married.

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Insert Value Choice into the Prenuptial Agreement