The financial statement disclosure form is for use in connection with the premarital agreement and must be completed accurately and completely. Both parties are required to complete a separate financial statement and provide a copy of the statement to the other party.
Tucson Arizona Financial Statements only in Connection with Prenuptial Premarital Agreement
State:
Arizona
City:
Tucson
Control #:
AZ-00590-D
Format:
Word;
Rich Text
Instant download
Description
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How to fill out Arizona Financial Statements Only In Connection With Prenuptial Premarital Agreement?
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FAQ
Prenups last, usually by their terms, for the entire length of the marriage. However, prenups sometimes include provisions that expire. The most common one might be an agreement that there's going to be no spousal support unless they are married for at least 10 years.
The agreement becomes effective when the parties actually marry each other, but not before. Under Arizona law, a properly drafted and executed prenuptial agreement is enforceable without consideration.
The agreement was procured by fraud ? a prenup is valid only if it is entered into after full disclosure by both parties as to their income, assets, and liabilities. If one spouse provides the other with information that is not accurate or truthful, the agreement is invalid.
Unreasonable Terms Prenuptial agreements can't include terms that are considered unconscionable at the time it was signed. This includes provisions that unfairly indulge one spouse or excessively penalize one spouse. For instance, clauses relating to fidelity or infidelity are generally not enforceable.
A disclosure schedule can be included as an addendum to your prenuptial agreement. Your disclosure schedule should list all assets of both parties. It should outline the value of your assets and any outstanding debts and liabilities. You'll need to include information related to any income sources and their amounts.
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.
This can be any length of time, from 2-30 years if you'd like. If you are already married and wish you had considered filing a prenuptial agreement, a postnuptial agreement can offer you the same sense of financial security. Talk to a family law attorney to learn more about these important agreements.
ARS 25-202 Enforcement of Premarital Agreements.
Prenuptial agreements, if drawn up and executed correctly, are legally binding and are usually upheld in court.
Yes, prenuptial agreements are enforceable in Arizona without consideration as long as they are properly prepared and executed according to ARS 25-202. Although there are many attorneys who can help you with your prenup, they aren't all the same.