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Replace Alternative Choice into the Prenuptial Agreement

Replace Alternative Choice into the Prenuptial Agreement and eSign it in minutes

Aug 6th, 2022

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How to Replace Alternative 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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Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

How do you override a prenuptial agreement?

A prenuptial agreement can be amended, but any modification must be agreed to by both spouses. Known as an amendment, if both spouses agree as to the changes in the prenup the alteration can be as simple as drafting the amended document and having both spouses sign it.

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.

Is a trust alternative to 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 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.

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 are five things that Cannot be included in a prenuptial agreement?

What doesnt a prenuptial agreement cover? Child custody or visitation matters. Child support. Alimony in the event of a divorce. Day-to-day household matters. Anything prohibited by the law.

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