What should a woman include in a prenup?
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What should a woman include in a prenup?
Below we have outlined seven important topics you and your fiancé may want to include in your prenuptial agreement:
- Premarital assets and debts.
- Children from previous marriage.
- Marital assets and debts.
- Marital responsibilities.
- Work.
- Family property.
- Property division in divorce.
What Cannot be addressed in a prenuptial agreement?
A prenup cannot include child support or child custody issues. The court has the final say in calculating child support. A court would never uphold a provision of a prenuptial agreement that dealt with child support, child custody, or visitation, because these are issues of public policy.
Do prenups cover money made during marriage?
A prenup can also protect any income or assets that you earn during the marriage, as well as unearned income from a bequest or a trust distribution. Without a prenup, you may be required to pay alimony to your ex-spouse. However, with a prenup, you can predetermine a specific alimony amount or even eliminate it.
Do you have to disclose assets in a prenup?
In a prenuptial agreement, full disclosure is required in relation to the assets that are owned by both parties. The agreement may include a schedule of you and your spouse’s assets to show that the contract was put in place with full disclosure by both parties.
Are prenups air tight?
There is no single landmark air-tight pre-nuptial agreement. While the “Massey Prenup” is an easily understood fairy tale, real-world pre-nuptial agreements are far more complex. Your best asset is a working understanding of these sorts of contracts.
What assets do prenups protect?
Prenups are primarily intended to protect assets that are owned at the time of the marriage. Any property acquired after the ceremony is typically considered jointly owned marital property. The equitable distribution of joint property will be determined during the divorce proceedings.
What assets can be in a prenup?
A pre-nuptial agreement is also used to define what constitutes marital property. Generally, marital property is any property that is acquired in either person’s name between the date of marriage and the date one spouse files for divorce. This property can include real estate, bank accounts, investments, etc.