As we enter the twenty-first century, many couples delay marriage until later in life. As a result, significant assets may have been accumulated by one or both parties by the time they are ready to say their marital vows. Even if both parties are of modest means, prenuptial agreements still endow them with the benefit of self-determination. If a marriage ends, a well-written prenuptial agreement will preserve your financial stability by removing uncertainty of litigation.
Prenuptial
Agreement
As we enter the twenty-first century, many couples delay marriage until later in life. As a result, significant assets may have been accumulated by one or both parties by the time they are ready to say their marital vows.
Get A Free ConsultationPrenuptial Agreements
As we enter the twenty-first century, many couples delay marriage until later in life. As a result, significant assets may have been accumulated by one or both parties by the time they are ready to say their marital vows.
Get A Free ConsultationEnforceability and Content
For a prenuptial agreement to be binding, it must be in writing and signed by both parties. Verbal agreement will be unenforceable in court. A prenuptial agreement will lay out the treatment of both existing and future assets in the event of a divorce. There are a few limitations to the contractual power of the parties: it may not violate public policy or a criminal statute.
Neither may the parties make agreements which will negatively affect child support, as it belongs to a child and not to the parties. It is important to keep in mind that a prenuptial agreement may interact with other estate planning instruments, such as wills and trust. Prenuptial agreements may be modified as your marriage progresses. Such modification must be in writing and signed by both parties.
Crafting a prenuptial agreement that will promote financial stability and marital integrity is of foremost importance at Mackavich Family Law. We will take our time to fully understand your needs and to explain the intricacies of prenuptial agreements and estate planning.
Call us at 773-213-8967 or fill out our on-line form for a free consultation.
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