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North Carolina Premarital Agreements Package

North Carolina Premarital Agreements Package

Category:

Family Law - Marriage - Property Agreements - Prenuptial Premarital

State:

North Carolina

Control #:

NC-P035-PKG

Format:

Instant download

Description

This package can be used by persons who have been previously married, or by persons who have never been married. It includes provisions regarding the contemplated marriage, assets and debts disclosure and property rights after the marriage. The forms describe the rights, duties and obligations of prospective parties during and upon termination of marriage through death or divorce.

These forms are often used by individuals who want to ensure the proper and organized disposition of their assets in the event of death or divorce. Among the benefits that prenuptial agreements provide are avoidance of costly litigation, protection of family and/or business assets, protection against creditors and assurance that the marital property will be disposed of properly.

Included in your package are the following forms:

1. Prenuptial Premarital Agreement without Financial Statements;

2. Amendment to Prenuptial or Premarital Agreement;

3. Financial Statements only in Connection with Prenuptial Premarital Agreement;

4. Revocation of Premarital or Prenuptial Agreement

North Carolina Prenuptial Premarital Agreement - Uniform Premarital Agreement Act - with Financial Statements

North Carolina Postnuptial Agreements Package

Prenuptial Agreements - General Comments on the Negotiating, Drafting and Execution of Prenuptial Agreements

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Premarital Agreement

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FAQ

A prenup can protect the rights and obligations of both parties with respect to property. If one party owned a house before marriage, the prenup could include a provision stating that this spouse would be responsible for all costs associated with the maintenance of that property.

In the event of divorce, a prenup can protect a spouse from being liable for any debt the other spouse brought into the marriage.A prenup can also protect any income or assets you earn during the marriage, as well as unearned income from a bequest or a trust distribution.

Just as a future asset can be protected by a prenup if adequately described, future income can also be treated as belonging to one partner but not both.

The average cost of a prenup ranges from about $1,200 for low-cost, simple agreements to $10,000 for more complicated situations.

The state of North Carolina follows the Uniform Premarital Agreement Act (UPAA) to establish requirements for prenuptial agreements. Prenuptial agreements must be in writing and signed by the future spouses before the couple is married. The agreement won't actually take effect until the couple marries.

The average cost of a prenup ranges from about $1,200 for low-cost, simple agreements to $10,000 for more complicated situations.

No. Prenuptial agreement need not be filed or recorded to be valid and enforceable among parties. If you are already married, you need postnuptial agreement.

Typically, prenups cost around $2,500, but can cost more if you spend a while haggling out various issues.

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