Prenuptial Agreement's Requirements
Jan. 25, 2021
Whether you are the person driving the decision or not, you need a piece of professional advice for a prenuptial agreement as it is a sophisticated document. If you want your prenuptial agreement to have some weight, it needs to have some of the following: Click here for facts about St. Petersburg, FL.
Fair in terms, which is the lengths of the marriage, the effect on the settlement of life events, and the circumstances at the time of divorce.
You and your partner must have independent legal advice.
There needs to be frank and full disclosure on both sides of the finances.
It must be signed at least 28 days before the wedding.
Advantages of the Prenuptial Agreement
Though you can benefit a lot from having a prenuptial agreement, one of the primary advantages is that it minimizes the risk of abusive, costly litigation and offers the certainty of outcome in the event of a divorce. Click here to read about Is Prenuptial Agreement Right For You.
Ultimately, the judge has the decision. Since it is their primary task to check that financial needs are met fairly, the court can approve the couple’s financial arrangements. Essentially, prenuptial agreements give spouses the autonomy to decide what would happen in the event of the marriage breaking down. As such, many people consider these agreements to be worth their weight in gold.