Pre nuptial Agreement
It is an agreement between two people that deals with the financial consequences of their marriage ending.
Why customized
It is known as divorce law. However, a lot of people are unhappy with the way divorce law works, and prefer to take control of their lives, rather than leave it in the hands of the government. In these cases, it makes a lot of sense to get a customized prenup.
Why getting a prenuptial agreement
Getting a prenuptial agreement is particularly important in following circumstances
• One is much wealthier than partner
It can ensure that a partner is marrying you for who you are, and not for money.
• One earn much more than partner
It can be used in many states to limit the amount of alimony that is payable.
• Remarrying. It can ensure that when one passes away, the assets are distributed according to one’s wishes, and that neither ones’ first family, nor new family are cut off.
• A partner has a high debt load. It can help ensure that a spouse wont share his/her partner’s debts
• One own part of a business.
It can ensure that a spouse does not become an unwanted partner in one’s business.
• To prevent spouse from overturning One’s estate plan.
A pre-nuptial agreement can ensure that one’s estate plan works, and, for instance, ensure that a specific heirloom remains in one’s family.
• One is much poorer t han his/her partner
It can also be used to ensure that the partner who is weaker financially is protected.
• If one plan to quit job to raise children.
A prenuptial agreement can ensure that the financial burden of raising the children is shared fairly by both partners.
• Divorce is Easier
Divorce proceedings are easier when a prenuptial agreement has been signed. A pre-marital agreement often specifies how possessions will be divided. This makes it less likely that one will have to go through a long, messy divorce to hash out those details. This is a benefit because a divorce may be an emotionally taxing time. If the divorce is fast, it can also save money on lawyer fees. In this way, a prenuptial agreement can benefit anyone who signs one.
• Reduce Misunderstandings
Arranging a prenuptial contract can encourage an honest discussion about how money will be shared within the marriage. This will reduce potential arguments that may arise after the marriage ceremony. Also, once the agreement is signed, it can eliminate any worries that money or possessions are the true motivator of one or both parties
UK law
Prenuptial agreements have been recognised as enforceable under British divorce law for the first time, in a supreme court ruling today. By ruling that such contracts are legally binding, the Supreme Court has altered the landscape of divorce settlements.
Contents
• Definition
• Why important
• Circumstances when important
• Divorce is easy
• Reduce misunderstanding
Why customized
Why getting a prenuptial agreement
Getting a prenuptial agreement is particularly important in following circumstances
• One is much wealthier than partner
It can ensure that a partner is marrying you for who you are, and not for money.
• One earn much more than partner
It can be used in many states to limit the amount of alimony that is payable.
• Remarrying. It can ensure that when one passes away, the assets are distributed according to one’s wishes, and that neither ones’ first family, nor new family are cut off.
• A partner has a high debt load. It can help ensure that a spouse wont share his/her partner’s debts
• One own part of a business.
It can ensure that a spouse does not become an unwanted partner in one’s business.
• To prevent spouse from overturning One’s estate plan.
• One is much poorer t han his/her partner
It can also be used to ensure that the partner who is weaker financially is protected.
• If one plan to quit job to raise children.
A prenuptial agreement can ensure that the financial burden of raising the children is shared fairly by both partners.
• Divorce is Easier
Divorce proceedings are easier when a prenuptial agreement has been signed. A pre-marital agreement often specifies how possessions will be divided. This makes it less likely that one will have to go through a long, messy divorce to hash out those details. This is a benefit because a divorce may be an emotionally taxing time. If the divorce is fast, it can also save money on lawyer fees. In this way, a prenuptial agreement can benefit anyone who signs one.
• Reduce Misunderstandings
Arranging a prenuptial contract can encourage an honest discussion about how money will be shared within the marriage. This will reduce potential arguments that may arise after the marriage ceremony. Also, once the agreement is signed, it can eliminate any worries that money or possessions are the true motivator of one or both parties
Prenuptial agreements have been recognised as enforceable under British divorce law for the first time, in a supreme court ruling today. By ruling that such contracts are legally binding, the Supreme Court has altered the landscape of divorce settlements.
Contents
• Definition
• Why important
• Circumstances when important
• Divorce is easy
• Reduce misunderstanding
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