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It's often recommended that both parties have an attorney when creating a postnuptial agreement, but it's not required. If both parties do not have an attorney, it is vital that each person fully understands the terms before signing.
How to Create a Postnuptial Agreement That's Enforceable The document must be in writing and notarized. The document must be signed voluntarily and intentionally by both parties. Both parties must make a full and fair disclosure of all their assets, debts, property, and income.
Although laws can differ by state, there are five basic elements to a postnuptial agreement: It must be in writing. ... It must be entered into voluntarily by both parties. It requires full and fair disclosure of relevant information at the time of execution. Terms must not be unconscionable or unjust or one-sided in nature.
In California, you can write your own postnuptial agreement, but this option is not recommended. These agreements must meet numerous legal requirements to be considered valid and enforceable by law, and most non-legal professionals simply do not possess the knowledge and resources to draft a sufficient agreement.
As long as your agreement fulfills California's legal requirements, the courts will consider it valid no matter how long you have been married. In fact, postnuptial agreements are most common among couples who have been married for years, as they understand better how much each party has to gain or lose.
A postnuptial agreement cannot provide enforceable terms for child support or custody. However, it can include provisions for alimony since that is considered separately from a spouse's duties as a parent. (We have seen agreements that have a provision for child support, but it is not enforceable.
Postnuptial Contracts ? Let The Spouses Beware Starting with the In re Kennedy's Estate, 135 N.W. 53 (Iowa 1912) case, courts have routinely struck down postnups as unenforceable. Couples seeking postnuptial agreements typically are looking for the same protections as those who create a contract before the marriage.
It's often recommended that both parties have an attorney when creating a postnuptial agreement, but it's not required. If both parties do not have an attorney, it is vital that each person fully understands the terms before signing.