Prenuptial arrangements, on the other hand, are designed to help a marriage run more smoothly. Since about half of first marriages and more than 60% of second marriages result in divorce, getting a prenuptial agreement will make the financial aspects of divorce a bit easier to bear. [Prenup Attorney in Scottsdale] is an excellent resource for this.
Couples planning to marry should think about making a prenuptial agreement:
Whether there are substantial assets at stake.
If you have children from prior relationships, tell us about them.
If one partner controls the whole or a portion of a business.
If one partner has a significant financial advantage over the other.
When one partner is significantly older, because if assets are split evenly in the case of a divorce, the older spouse will not be willing to recover in time to pay for retirement.
That one partner is going to help the other when pursuing a degree.
If a sizable inheritance is expected.
Prenuptial arrangements will now specify not only who gets what if the marriage ends in divorce, but also who is liable for what after the marriage. Any deals spell out each spouse’s household responsibilities and financial commitments, as well as whether or not children will be born and how they will be educated.
Although several partners enter into prenuptial arrangements with the expectation of resolving all issues when they occur, this is not always the case.
Prenuptial deals may be revoked for a variety of purposes, including the following:
If you signed it under duress, it’s a red flag. Prenuptial agreements can be finalised at least a month before the wedding. It’s no way to launch a marriage – and it’s a sure way to get it put on hold if you do it on your soon-to-be-spouse.
If one of the spouses is not represented by a lawyer. Each partner to have their own counsel assist in the prenuptial agreement’s formation.
If one partner conceals or misrepresents properties or liabilities.
If one of the spouses negotiated the prenuptial agreement when under the influence of alcohol or narcotics, or if they were physically incapacitated.
Whether there are restrictions on child care or parental protection in the prenuptial agreement.
If there is no provision for spousal care in the prenuptial agreement. The majority of prenuptial agreements are challenged on the basis of spousal support, normally when the pair accrued more money after their marriage than the prenup did.
Updating a prenuptial agreement with a postnuptial agreement will help the marriage withstand a legal dispute in the event of a potential divorce.
Tiffany Fina Law Firm
7411 E 6th Ave Suite 103, Scottsdale, AZ 85251, United States
Phone No. : +14807447442