Slide card in the Prenuptial Agreement

Aug 6th, 2022
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How to slide card in 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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A prenuptial agreement is a marriage agreement that outlines the financial and property rights of a couple if they ever separate due to divorce or death. It protects each spouses assets and financial interests. Partners can write this agreement before they get married while still on good terms.
Generally, most states require the following: In writing. The prenup must be in writing and not a verbal agreement. Both parties sign it. Both fiancs must sign the prenup. Notarization. Witnesses. Signed voluntarily. No unlawful terms. No unconscionable terms. No child custody or child support terms.
The prenup loophole is that, should the agreement come into a court setting, the only thing one side has to do is find a legitimate asset that was excluded when the agreement was executed.
Typically, a prenup lists all of the property each person owns and debts they owe, and it spells out each persons property rights during the marriage and in the event that they later get divorced..
Our Prenuptial Agreement Checklist Disclosure of Financial Information. Property and Income. Debts and Liabilities. Inheritance Rights Estate Planning. Alimony and Spousal Support. Business Interests. Waivers and Promises. Division of Assets in the Event of a Terminating Event.
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.
What You Can Include in a Prenuptial Agreement Distinctions About Property Division (Marital Property vs. Protections Against the Other Spouses Debts. Provisions Providing for Children from Previous Relationships. Protections To Keep Family Property in the Family. Protections for Estate Plans.

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