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What Do I Need To Know About Prenuptial Agreement

20 December 2020 No Comment

Although Justin and Hailey are young and in love – and all precautions are taken in the wind – no one with significant assets should follow their example. Here are 10 things everyone should know about marital agreements. When couples fall in love and refuse marriage, the extreme of their head is the thought of divorce and the division of property. That is quite understandable. Caught up in the excitement of starting a new life together, it can be hard to imagine a time when you can separate yourself and follow your own paths. But the truth is that 40% to 50% of marriages in the United States end in divorce. and part of planning for the future as a married couple is looking at all eventualities, even those you may prefer not to think about. For many couples, this plan involves a marital agreement. If you have any doubts about whether to review your marriage pact, we strongly advise you to seek advice from a lawyer. “Once you have some wealth, either inherited or yours, you need it,” Hersh says. “Of course, if you`ve already divorced and you`re getting married a second time, the divorce rate will go up, and it`s likely that you`ll be divorced a second time, and you`ll have to protect what you have assets.” Keep in mind that a mediator does not make decisions, but helps you decide while ensuring a level playing field. This is particularly important because a court is likely to invalidate a marital agreement that they consider unfair. In the strict sense of the law, marital agreements are not applicable in British courts.

Nevertheless, British judges most often give considerable weight to marital agreements in proceedings and will largely try to maintain them, unless there are problems with it, and they have been developed and signed with the right precautions and considerations. Thus, the case is known for the marital agreement, passing under the name “Prenup”. With U.S. divorce rates of about forty to fifty percent, these preventative contracts skyrocketed before marriages.

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Kathy Becker (288 Posts)

Kathy is the CEO/President of the Company of Experts, Inc. and oversees this Small Woman Owned Business serving schools, colleges and universities, businesses, corporations and non-profits moving them from deficit models of planning and thinking to engagement, empowerment and collaboration.

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