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Essential Ingredient
Direct Answers - Column for the week of September 15, 2003
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The Prenuptial Agreement Dilemma
Should we have a prenuptial agreement?
OK. You can look at the idea as very cold and unromantic. You can look at the idea as a considerate and practical way to decide before the marriage certain issues having to do with your money.
It is interesting to note that the custom of creating prenuptial agreements is not the modern invention that it seems to be. During the 19th century, before the Married Women's Property Act of 1848, prenuptial agreements were necessary for women in the United States. Until the act became law, everything a woman owned or inherited was transferred to her husband. If he died or divorced her, she was just out of luck.
Nowadays it is not so uncommon to execute prenuptial agreements. And these are not just for the famous super-rich couples we read about, where one spouse is much richer than the other. These are couples who want to be upfront about financial issues and get that out of the way before the wedding.
A prenuptial agreement is a signed and notarized contract that describes how a couple will handle the financial aspects of their marriage. The prenuptial agreement has many positive benefits that are not related to divorce, and although it is not very romantic, it has many positive elements.
If a future spouse won't sign a prenuptial agreement, it may be best to discover this before the wedding.
The financial well-being of children from a previous marriage can be protected
Personal and business assets accumulated before the marriage are protected by a prenuptial agreement.
A prenuptial agreement reveals financial expectations before the wedding.
A prenuptial agreement discloses assets a spouse may want to give to children or other family
members in the event of death.
In the event of a divorce, the prenup eliminates battles over assets and finances.
Signing a prenup does not mean that a couple is anticipating divorce.
Prenups address financial matters need to be faced.
A well-constructed prenuptial agreement can preserve family ties and inheritance.
Despite its many positive features, the prenuptial agreement cannot accomplish everything.
A prenuptial agreement may be considered unromantic.
A prenuptial agreement may give the appearance of a lack of trust between the partners.
It is true that a prenup could create resentment between certain spouses.
Certain requirements exist so that the prenuptial agreement cannot be declared invalid. These include failure to disclose all assets, evidence of fraud, forcing the agreement upon the other spouse, unfairness, and lack of representation at the time of signing the agreement.
If you are considering having a prenuptial agreement it is important to remember these things:
Dont wait until the last minute to talk about financial matters. Discuss the agreement early in the relationship.
Dont try to hide your thoughts, feelings, and especially your assets.
Note that Legal Helper Corp. provides an easy-to-use, quick, and economical online method for creating Prenuptial Agreement (Premarital Contract).
About the author:
Jeffrey Broobin is a free-lance writer on family and finance issues; his main goal is to help people during their complicated period of life.
Website: Legal Helper Corp.
Email: jeffreyb@legalhelper.ws
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| divorce.co.uk - advice on mediation, counselling and legal aspects ... |
| An overview of divorce in the UK, including the law, mediation options and emotional support, from Mills & Reeve. |
| www.divorce.co.uk |
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| Divorce Magazine, information about separation and divorce |
| Divorce Magazine is a compassionate self-help resource for people in need of information about separation and divorce. |
| www.divorcemag.com |
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| Divorce - Wikipedia, the free encyclopedia |
| Divorce or dissolution of marriage is the ending of a marriage before the ... A decree of divorce is initially granted 'nisi', i.e. (unless cause is later ... |
| en.wikipedia.org |
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| DivorceNet - Divorce Net: Family Law Information, Solutions, News ... |
| DivorceNetฎ is the Internet's largest divorce resource, offering state-specific articles, an online community and a nationwide directory of divorce lawyers, ... |
| www.divorcenet.com |
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| The Divorce Support Page: Divorce, Child Custody, Alimony, Support ... |
| a support site for people experiencing, divorce, dissolution, separation, custody, alimony, visitation, etc. Divorce professionals to help you in your area. |
| www.divorcesupport.com |
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| Divorce Source: a legal resource for divorce, custody, alimony ... |
| A state specific divorce web site providing information and referrals for people facing and experiencing issues revolving around divorce, separation, ... |
| www.divorcesource.com |
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| DivorceInfo Surviving Divorce Managing Lawyers Alimony Child Support |
| Divorceinfo -Survive your divorce with some money in your pocket and your dignity intact. |
| www.divorceinfo.com |
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| Divorce - Wex |
| An overview of divorce law with links to key primary and secondary sources, from Cornell University's Legal Information Institute. |
| www.law.cornell.edu |
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| MedlinePlus: Divorce |
| Children; Children and Divorce (American Academy of Child and Adolescent Psychiatry) ... Select services and providers for Divorce in your area. ... |
| www.nlm.nih.gov |
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| Divorce Aid :: Online Guide to UK Divorce Law, Information and Advice |
| The largest free online interactive divorce resource in the UK for divorce law, advice, emotional support, counselling, mediation, and website for ... |
| www.divorceaid.co.uk |
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| Divorce-Online :The UK's leading low cost divorce service |
| The largest free online divorce and separation resource in the UK with information, forums, chat, experts and articles. |
| www.divorce-online.co.uk |
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| How to Divorce As Friends - Featured on Oprah - Bill Ferguson |
| Advice, recommended books, and telephone counseling to help couples resolve difficult issues connected with divorce or even save their marriage. |
| www.divorceasfriends.com |
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| Welcome To Divorce Online ~ www.divorceonline.com |
| An electronic journal providing information and referrals for people facing divorce. |
| www.divorceonline.com |
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| Federal Magistrates Court - On-line Application for Divorce |
| In the short-term, please use the Application for Divorce form which can be found at ... Our E-mail address for family law enquiries (including divorce) is ... |
| www.divorce.gov.au |
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| DivorceCare: Divorce Recovery Support Groups |
| DivorceCare is a divorce recovery support group where you can find help and healing for the hurt of separation and divorce. |
| www.divorcecare.com |
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| Divorce Central Home Page |
| Links to divorce-related resources, organized by state, with an archive of articles and interviews. |
| www.divorcecentral.com |
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| Divorce Helpline tools to keep you out of court |
| Providing information about divorce, and referrals to family law attorneys. |
| www.divorcehelp.com |
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| Divorce and relationship breakdown : Directgov - Parents |
| Advice on counselling, mediation and the divorce process, including where to find a solicitor. |
| www.direct.gov.uk |
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| Americans for Divorce Reform, Inc. |
| John Crouch speaks about divorce law reform and presents a paper by John Crouch and Richard ... To find out how to work on divorce reform in your state ... |
| www.divorcereform.org |
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| Divorce Bustingฎ - Solve Marriage Problems, Save My Marriage, Save ... |
| Divorce is not the answer to marriage problems. Stop your divorce and save your marriage with advice from Michele Weiner-Davis. |
| www.divorcebusting.com |
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