Article: What The Heck Is A Prenuptial Agreement?
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What The Heck Is A Prenuptial Agreement?
It?s a different world in 2005. You can now enter into a contract before you?re married, called a prenuptial agreement. They have been around for thousands of years but never so defined, as now. It clearly lays out the economic and personal expectations before the marriage even takes place, leaving no surprises later. If the marriage fails it explains how the assets will be split up. If support will be paid to one or both parties and who will be responsible for paying the lawyer.
Almost half the states have adopted the Uniform Premarital Agreement Act. For the states that haven?t you should look into the law of the state, to see whether or not a contract can be entered into between the partners. Both parties must both be a financial position to enter into a contract and of a...
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