Detroit Michigan Premarital Agreements Package

State:
Michigan
City:
Detroit
Control #:
MI-P035-PKG
Format:
Word; 
Rich Text
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

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How to fill out Michigan Premarital Agreements Package?

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Whether you need a straightforward agreement to establish rules for living together with your partner or a collection of forms to facilitate your divorce proceedings, we've got you covered. Our platform features over 85,000 current legal document templates for personal and business needs. All templates we provide access to are not generic and are tailored to meet the requirements of specific states and regions.

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FAQ

If you and your spouse plan on drafting a prenup, then it is vital to have an experienced attorney guide you through the process. This is because the court won't enforce any agreement unless it follows specific guidelines.

Generally, the answer is that there is no expiration date. You'll need to show the prenup is invalid for reasons other than the length of the marriage. You'll need an experienced family lawyer who aggressively fights to protect your marital property interests and fights for alimony, child custody, and child support.

Such challenges to a prenup are common, according to divorce attorneys to the wealthy. Yet successfully breaking a prenup in court is rare. ?Prenups are exceedingly difficult to set aside,? said Marshall J. Auerbach, a prominent Illinois divorce attorney who helped shape that state's divorce law.

Can You Write Your Own Prenup Agreement? The UPAA (California's Uniform Premarital Agreement Act) outlines the abilities and restrictions of prenups in this state. The law allows couples in California to draft their own prenuptial agreements.

Prenuptial agreements, if drawn up and executed correctly, are legally binding and are usually upheld in court.

These documents need to be revised, refreshed, updated and reaffirmed through a post-nuptial agreement on a regular basis. This is advised every five years, but at the very least, couples should re-affirm their agreements every 10 years. Failing to do so could cause a prenup to appear stale and outdated to the court.

Most couples pay an average of $1,200 to $2,400 to prepare a prenup, according to estimates in Business Insider. However, your costs may be greater if your finances are more complicated or if you reside in an area with a higher cost of living.

In Michigan, for a prenuptial agreement to be enforceable, it must: fair, equitable, and reasonable under the circumstances. entered into voluntarily, with full disclosure, and all rights and waiver of rights fully understood. be free from fraud, lack of consent, mental incapacity, or undue influence.

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Detroit Michigan Premarital Agreements Package