A Prenuptial Agreement, which is referred to commonly as a Pre-Nup, is a written agreement between you and your spouse before you get legally married. It can exactly detail what will happen to your assets and finances during the marriage and of course, if there is dissolution of marriage and divorce consequently.
Both of you can get the chance to fully understand what kind of legal rights each of you will acquire and give up after getting married. Your marriage will be controlled by the laws of the local court in case you and your spouse do not get a prenuptial agreement in Arizona signed before marriage. Read and find out how both spouses can be protected by these kinds of agreements.
How Can Spouses Ensure Protection With the Help of Prenuptial Agreements?
By definition, modern Prenuptial Agreements must keep both spouses protected. In a court of law, one-sided and unfair Prenuptial Agreements might not hold up. If a Prenuptial Agreement contract must be enforceable, it needs to be fair, not be one sided completely as of the date on which it is signed, have voluntary signature of both parties in the presence of their attorneys and have full and honest declaration from both parties regarding their debts and assets.
For example, your spouse might insist that if she is going to stay at home and raise the kids your Prenuptial Agreement must include provisions to compensate for this disturbance and break in her career with the help of spousal support. There are prenuptial agreement templates available online at many legal websites that are free to download and use for reference. You can customize these according to your own requirements and specific situation.
In case you want your contract to be enforced by the court of law, you would be thankful that it is the sensible decision right from the word 'Go'. When there is a reasonable support structure, spouses can have a lot to thank a Prenuptial Agreement for. The agreement defines the limits of the support, the duration amount and terms in the event of divorce. When it is left to a court of law to decide the support structure and amount, the other spouse has no control over the terms.
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Carl writes often about legal drafting and help.