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Your step-by-step guide — add prenuptial agreement template initial
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Kentucky Financial Statements only in Connection with Prenuptial Premarital Agreement form
he proposes she accepts and the date for marriage is set the couple sets down to discuss the prenuptial agreement still fresh from the glow of romance is it appropriate to think about the demise of the marriage unfortunately approximately one-third of all first marriages nearly one-half of all second and third marriages will end in divorce so prenuptial agreement may not only be practical but necessary this video is designed to provide you with some basic information to help you decide where their prenuptial agreement is right for you and your future spouse a prenuptial agreement is a private agreement between two people who intend to marry the agreement sets out how the couple's assets and debts will be distributed in the event they divorce or one of them dies generally the couple's given substantial leeway to divide their property as they see fit you are probably asking yourself why would someone choose to use a prenuptial agreement well because without one your assets will be divided according to your state's laws with the prenuptial agreement you are the one to choose how your assets will be divided there are four basic rules that you should know when drafting your prenuptial agreement first you and your partner must be completely honest about your assets and debts if either of you hide something or lies to protect your interest a judge can discard the agreement second the prenuptial agreement must be signed significantly advance of the wedding to avoid the appearance of impropriety or coercion third each of you should be represented by separate and independent legal counsel during the negotiation finally the prenuptial agreement must be fair and reasonable now that we covered the basics let's cover a few other important issues dealing with the financial support of children can be one of the most difficult provisions when preparing your agreement it's important that you don't attempt to waive child support payments or put strict limitations on providing it courts don't look kindly on efforts to circumscribe the rights of children and attempts to do this will likely not be enforced in these cases the court itself may investigate what distributions and outcomes will be in the best interest the child you also have the option of including so-called lifestyle clauses this may include any non-financial understanding that you wish to document before the marriage you should note that the courts may not enforce what they believe to be frivolous provisions for example a provision that requires that one spouse not gain weight will probably be ignored on the other hand an agreement between the parties that their current or future children be raised in a certain religion may be considered the key factor that will be considered by the courts is whether or not the parties have created a serious and meaningful clause now you know the basics and have taken the first step to creating a valid and enforceable prenuptial agreement additional information an attorney prepare prenuptial agreements for every state can be found at ww-why legal forms calm good luck and congratulations on your marriage
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