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For example, each spouse can agree to contribute a certain amount of money into joint bank accounts or determine a regular spending allowance. Similarly, a prenuptial agreement can clarify whether joint household expenses, like a mortgage, will be paid from separate or joint bank accounts.
Expect the process of drafting a premarital agreement to take 2 to 3 weeks.
Most of our prenups are 25-50 pages long, depending on your needs, and can cover almost any possible financial issue in a divorce (except child support) - including savings, real estate, inheritance, retirement, current and future business ventures, spousal support, etc.
It is against the law to include any personal matters or requirements, other than financial issues, in a prenuptial agreement in California. For example, one spouse cannot require another to maintain a certain weight, appearance or hair color.
Our Prenuptial Agreement Checklist Disclosure of Financial Information. ... Property and Income. ... Debts and Liabilities. ... Inheritance Rights & Estate Planning. ... Alimony and Spousal Support. ... Business Interests. ... Waivers and Promises. ... Division of Assets in the Event of a Terminating Event.
The prenuptial agreement cost is affordable through ; for one low, flat fee an attorney will prepare your prenuptial agreement. Filing for divorce is never easy, but can help make the process less stressful by taking care of some of the legal details.
A premarital agreement should: Define separate vs community property. Separate property stays in the name of the partner to whom it belongs. ... Decide how existing debts will be paid. ... Define spousal support (alimony). ... Define what happens to real estate. ... Define who will pay taxes. ... Define how long the prenuptial lasts.
It typically lists each person's assets, debts, and outlines how they'll be handled should the couple divorce later on. Prenups can be a valuable financial tool. While they may be difficult to think about while planning a wedding, prenups can provide comfort in knowing you'll be protected.