Shade line in the Prenuptial Agreement effortlessly

Aug 6th, 2022
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How to Shade line in the Prenuptial Agreement

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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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For example, a simple sunset clause might state that the prenup will expire after the couple has been married for 20 years. Other examples of sunset clauses include having the prenup expire after the birth of a child or when one spouse finishes paying off a debt they brought into the marriage.
Even if one spouse enters into the marriage with considerable wealth and the other enters with a virtually nonexistent net worth, a prenup can still be invalidated by the Court if it leaves the latter spouse with almost nothing.
The most common grounds to dissolve a prenuptial agreement include coercion or duress, unconscionability, and failure to disclose. The courts will generally enforce prenuptial agreements; however, when one or more of these grounds exist, the court may see fit to void all or parts of a prenup.
If one spouse lies, misrepresents a material fact, commits fraud or makes false promises in a premarital contract, this can void the document.
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.
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.
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.
Common prenuptial agreement clauses include: Defining separate property. How to handle income earned during marriage. How to handle debts and liabilities.

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