Easily Replace Checkbox Group from the Prenuptial Agreement

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How to Replace Checkbox Group from 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 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.

What is similar to a prenup?

A trust can be used as effective alternative to a prenup because it holds assets outside your marital estate.

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.

What is the opposite of a prenup?

The main difference posed by a postnuptial agreement is that many of either spouses assets become marital property the moment they sign the marriage license. These might include stock options earned during the marriage or real estate purchased since marriage. A postnup must take care to address all marital assets.

What does a postnuptial agreement do?

A postnuptial agreement is a contract created by spouses after entering into a marriage that outlines the ownership of financial assets in the event of a divorce. The contract can also set out the responsibilities surrounding any children or other obligations for the duration of the marriage.

What is the equivalent of a prenup?

While you cannot get a prenup after marriage, there is good news. There is an equivalent that can be prepared and signed after the marriage or civil ceremony has taken place its called a postnuptial agreement or postnup.

Is there anything better than 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.

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Replace Checkbox Group from the Prenuptial Agreement