Prenuptial Agreement

Prenuptial Agreement

A prenuptial agreement is a great way to protect your assets in case your marriage goes wrong. It specifies the rights, property, assets as well as debts of both parties before marriage.
It contains the name of both parties, summary of their financial statements as well as means of payment of common living expenses agreed upon by both parties. Normally two documents signed by both parties are made and each party gets to keep one. Certain states of America require the prenuptial agreement to be notarized. A notary can be found at your local bank as well as at your insurance agent or stock broker. In addition to being notarized some states also require prenups to be witnessed and signed by two witnesses especially if the agreement has waived the right to make a claim for the estate of a deceased spouse.

Both parties are required to review their own financial statements as well as the financial statements of the other to make sure that there is no material inaccuracy as that can affect the validity of the prenuptial agreement. It is not advisable to use a free form downloaded from the internet as these forms are mostly incomplete and full of errors. State specific and up to date form should be used and the prenuptial agreement should be prepared and signed as early as possible because if it is signed closed to the date of wedding then it may indicate duress and can be ruled void by a judge because of this reason.

 

 

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