A husband and wife may use this form to revoke an existing premarital agreement. The agreement is also binding on their executors, administrators, legal representatives, successors, and assigns.
A husband and wife may use this form to revoke an existing premarital agreement. The agreement is also binding on their executors, administrators, legal representatives, successors, and assigns.
Texas Prenuptial Premarital Agreement - Uniform Premarital Agreement Act - with Financial Statements
Texas Prenuptial Premarital Agreement without Financial Statements
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Financial Statements only in Connection with Prenuptial Premarital Agreement
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Do Prenups Expire? Prenups do not expire unless you have a specific clause in your prenuptial agreement stating an expiration date. Your prenup will remain valid for as long as you are married, unless both parties consent to an amendment or revocation.
Texas courts will invalidate a prenup if it does not comply with state law or if it contains unfair provisions. In the event that you and your spouse decide to get a divorce, you will want your prenup to hold up in court.
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.
Does Texas Law Allow a Prenuptial Agreement to be Broken? The requesting party must prove that they did not sign the agreement voluntarily.The agreement was incorrect (deliberately or otherwise) when created and signed.
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.
A prenuptial agreement may be found invalid for the following reasons: It includes provisions for child support and custody of unborn children. There is less than full financial disclosure by one or both parties. It includes provisions that are blatantly unfair to one party.
If you and your spouse decide that you no longer want your prenuptial agreement, you can cancel it by using a Release of Marital Agreement. You and your spouse must both sign the document and it must be notarized by a public notary for the cancellation to be valid.
The Prenup Was Not Signed Voluntarily Texas Family Code § 4.006 requires both parties to a prenup to enter into the agreement voluntarily. Otherwise, the agreement will be deemed invalid. If one party does not sign a prenup with their own free will, the court will most likely invalidate the entire agreement.
Texas courts do not want to enforce a prenuptial agreement?or any contract, really?that is unconscionable or that was entered into under duress. The court might void a prenuptial agreement if it sees proof of: Duress or coercion - Prenuptial agreements are only valid if they were entered into voluntarily.
If you and your spouse decide that you no longer want your prenuptial agreement, you can cancel it by using a Release of Marital Agreement. You and your spouse must both sign the document and it must be notarized by a public notary for the cancellation to be valid.
Sometimes there are areas of law about which Uniform Acts are written and adopted by the various states. Premarital Agreements is such an area of law. The NATIONAL CONFERENCE OF COMMISSIONERS ON UNIFORM STATE LAWS adopted the final version of the Uniform Premarital Agreement Act in 1983. Since that date, the act, as modified by the various states, has been adopted in the following states: Arizona, Arkansas, California, Connecticut, Delaware, District of Columbia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Maine, Montana, Nebraska, Nevada, New Jersey, New Mexico, North Carolina, North Dakota, Oregon, Rhode Island, South Dakota, Texas, Utah and Virginia. At the heart of the act is the provision which provides that such an agreement is generally valid if in writing and sets forth the factors to consider if the agreement is challenged.
Texas Statutes
Definitions: In this subchapter:
(1) "Premarital agreement" means an agreement between prospective spouses made in contemplation of marriage and to be effective on marriage.
(2) "Property" means an interest, present or future, legal or equitable, vested or contingent, in real or personal property, including income and earnings. Added by Acts 1997, 75th Leg., ch. 7, § 1, eff. April 17, 1997.§ 4.001 FAM.
Formalities:
A premarital agreement must be in writing and signed by both parties. The agreement is enforceable without consideration. Added by Acts 1997, 75th Leg., ch. 7, § 1, eff. April 17, 1997§ 4.002 FAM.
Content:
(a) The parties to a premarital agreement may contract with respect to:
(1) the rights and obligations of each of the parties in any of the property of either or both of them whenever and wherever acquired or located;
(2) the right to buy, sell, use, transfer, exchange, abandon, lease, consume, expend, assign, create a security interest in, mortgage, encumber, dispose of, or otherwise manage and control property;
(3) the disposition of property on separation, marital dissolution, death, or the occurrence or nonoccurrence of any other event;
(4) the modification or elimination of spousal support;
(5) the making of a will, trust, or other arrangement to carry out the provisions of the agreement;
(6) the ownership rights in and disposition of the death benefit from a life insurance policy;
(7) the choice of law governing the construction of the agreement; and
(8) any other matter, including their personal rights and obligations, not in violation of public policy or a statute imposing a criminal penalty.
(b) The right of a child to support may not be adversely affected by a premarital agreement. Added by Acts 1997, 75th Leg., ch. 7, § 1, eff. April 17, 1997. 4.003 FAM.
Effect of Marriage:
A premarital agreement becomes effective on marriage. Added by Acts 1997, 75th Leg., ch. 7, § 1, eff. April 17, 1997 4.004 FAM.
Amendment or Revocation:
After marriage, a premarital agreement may be amended or revoked only by a written agreement signed by the parties. The amended agreement or the revocation is enforceable without consideration. 4.005 FAM.
Enforcement:
(a) A premarital agreement is not enforceable if the party against whom enforcement is requested proves that:
(1) the party did not sign the agreement voluntarily; or
(2) the agreement was unconscionable when it was signed and, before signing the agreement, that party:
(A) was not provided a fair and reasonable disclosure of the property or financial obligations of the other party;
(B) did not voluntarily and expressly waive, in writing, any right to disclosure of the property or financial obligations of the other party beyond the disclosure provided; and
(C) did not have, or reasonably could not have had, adequate knowledge of the property or financial obligations of the other party.
(b) An issue of unconscionability of a premarital agreement shall be decided by the court as a matter of law.
(c) The remedies and defenses in this section are the exclusive remedies or defenses, including common law remedies or defenses. 4.006 FAM.
Enforcement: Void Marriage:
If a marriage is determined to be void, an agreement that would otherwise have been a premarital agreement is enforceable only to the extent necessary to avoid an inequitable result.§ 4.007 FAM.
Limitation of Actions:
A statute of limitations applicable to an action asserting a claim for relief under a premarital agreement is tolled during the marriage of the parties to the agreement. However, equitable defenses limiting the time for enforcement, including laches and estoppel, are available to either party.4.008 FAM.
Application and Construction:
This subchapter shall be applied and construed to effect its general purpose to make uniform the law with respect to the subject of this subchapter among states enacting these provisions. 4.009 FAM.
Short Title:
This subchapter may be cited as the Uniform Premarital Agreement Act. 4.010 FAM.
Advantages of premarital agreements for both parties:
Avoiding Litigation Costs
Protecting against Fears of Family Members
Protecting Family Assets
Protecting Business Assets
Protection Against Creditors
Child Custody and Support Guidelines
Predetermined Disposition of Property
To order the form, close this window and click the order icon.
Disclaimer: This law summary is not legal advice. If you are not an attorney, you should consult an attorney about serious legal matters.
Sometimes there are areas of law about which Uniform Acts are written and adopted by the various states. Premarital Agreements is such an area of law. The NATIONAL CONFERENCE OF COMMISSIONERS ON UNIFORM STATE LAWS adopted the final version of the Uniform Premarital Agreement Act in 1983. Since that date, the act, as modified by the various states, has been adopted in the following states: Arizona, Arkansas, California, Connecticut, Delaware, District of Columbia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Maine, Montana, Nebraska, Nevada, New Jersey, New Mexico, North Carolina, North Dakota, Oregon, Rhode Island, South Dakota, Texas, Utah and Virginia. At the heart of the act is the provision which provides that such an agreement is generally valid if in writing and sets forth the factors to consider if the agreement is challenged.
Texas Statutes
Definitions: In this subchapter:
(1) "Premarital agreement" means an agreement between prospective spouses made in contemplation of marriage and to be effective on marriage.
(2) "Property" means an interest, present or future, legal or equitable, vested or contingent, in real or personal property, including income and earnings. Added by Acts 1997, 75th Leg., ch. 7, § 1, eff. April 17, 1997.§ 4.001 FAM.
Formalities:
A premarital agreement must be in writing and signed by both parties. The agreement is enforceable without consideration. Added by Acts 1997, 75th Leg., ch. 7, § 1, eff. April 17, 1997§ 4.002 FAM.
Content:
(a) The parties to a premarital agreement may contract with respect to:
(1) the rights and obligations of each of the parties in any of the property of either or both of them whenever and wherever acquired or located;
(2) the right to buy, sell, use, transfer, exchange, abandon, lease, consume, expend, assign, create a security interest in, mortgage, encumber, dispose of, or otherwise manage and control property;
(3) the disposition of property on separation, marital dissolution, death, or the occurrence or nonoccurrence of any other event;
(4) the modification or elimination of spousal support;
(5) the making of a will, trust, or other arrangement to carry out the provisions of the agreement;
(6) the ownership rights in and disposition of the death benefit from a life insurance policy;
(7) the choice of law governing the construction of the agreement; and
(8) any other matter, including their personal rights and obligations, not in violation of public policy or a statute imposing a criminal penalty.
(b) The right of a child to support may not be adversely affected by a premarital agreement. Added by Acts 1997, 75th Leg., ch. 7, § 1, eff. April 17, 1997. 4.003 FAM.
Effect of Marriage:
A premarital agreement becomes effective on marriage. Added by Acts 1997, 75th Leg., ch. 7, § 1, eff. April 17, 1997 4.004 FAM.
Amendment or Revocation:
After marriage, a premarital agreement may be amended or revoked only by a written agreement signed by the parties. The amended agreement or the revocation is enforceable without consideration. 4.005 FAM.
Enforcement:
(a) A premarital agreement is not enforceable if the party against whom enforcement is requested proves that:
(1) the party did not sign the agreement voluntarily; or
(2) the agreement was unconscionable when it was signed and, before signing the agreement, that party:
(A) was not provided a fair and reasonable disclosure of the property or financial obligations of the other party;
(B) did not voluntarily and expressly waive, in writing, any right to disclosure of the property or financial obligations of the other party beyond the disclosure provided; and
(C) did not have, or reasonably could not have had, adequate knowledge of the property or financial obligations of the other party.
(b) An issue of unconscionability of a premarital agreement shall be decided by the court as a matter of law.
(c) The remedies and defenses in this section are the exclusive remedies or defenses, including common law remedies or defenses. 4.006 FAM.
Enforcement: Void Marriage:
If a marriage is determined to be void, an agreement that would otherwise have been a premarital agreement is enforceable only to the extent necessary to avoid an inequitable result.§ 4.007 FAM.
Limitation of Actions:
A statute of limitations applicable to an action asserting a claim for relief under a premarital agreement is tolled during the marriage of the parties to the agreement. However, equitable defenses limiting the time for enforcement, including laches and estoppel, are available to either party.4.008 FAM.
Application and Construction:
This subchapter shall be applied and construed to effect its general purpose to make uniform the law with respect to the subject of this subchapter among states enacting these provisions. 4.009 FAM.
Short Title:
This subchapter may be cited as the Uniform Premarital Agreement Act. 4.010 FAM.
Advantages of premarital agreements for both parties:
Avoiding Litigation Costs
Protecting against Fears of Family Members
Protecting Family Assets
Protecting Business Assets
Protection Against Creditors
Child Custody and Support Guidelines
Predetermined Disposition of Property
To order the form, close this window and click the order icon.
Disclaimer: This law summary is not legal advice. If you are not an attorney, you should consult an attorney about serious legal matters.