Arkansas Prenuptial Property Agreement
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FAQ
In order to be valid, prenuptial agreements require each individual to fully disclose all assets and debts. In fact, state law specifically requires a ?fair and reasonable disclosure of the property or financial obligations of the other party? for the agreement to be valid.
A prenuptial agreement does not cover the following: Child custody or visitation matters. Child support. Alimony in the event of a divorce. Day-to-day household matters. Anything prohibited by the law.
Spousal abuse or cheating does not void or invalidate a prenuptial or partition agreement unless the agreement specifically states that. Most prenuptial or partition agreements do not mention abuse or cheating.
The most common cons of prenups include: Doubt about the future ? Initiating a discussion about a prenuptial agreement often creates doubt between the couple. ... Destroys romance ? Talking about the terms of a prenup is anything but romantic.
The ?infidelity clause? ? an up-and-coming trend in prenuptial agreements ? seeks to ensure that there are financial consequences for the cheater if that vow is broken. Infidelity clauses are quickly becoming the most popular lifestyle clauses in pre- and postnuptial agreements.
There's no requirement that says you need a certain amount of money or status to get a prenup. Even if you have $0 in the bank, a prenup could still be beneficial to you in several ways.
The contract becomes unenforceable if the court determines that one of the parties was dishonest or is guilty of misrepresentation. As with any legally binding document, prenup agreements must be prepared by a qualified lawyer.
Second, prenups can create a sense of inequality between the two people. By signing a prenup, one partner may feel as if they are more entitled to certain assets than the other. This can lead to resentment and arguments over who owns what. Finally, prenups can be a source of stress in a relationship.
