Post Nuptial Agreements and Forms - What Is A Prenuptial Agreement
This package can be used by married persons who wish to define and specify their respective and collective rights in the separate and joint property of the parties. These forms are often used by couples who want to ensure the proper and organized disposition of their assets in the event of death or divorce
Postnuptial agreements can provide protection for both parties after marriage. Postnuptial agreements generally contain provisions specifying how separate and joint property of the parties will be divided and may be downloaded in Word Format. Includes Agreement and Financial Statement Disclosure. Select your State.
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What is a Post Nuptial Agreement?
A postnuptial agreement is a written contract created by two people after they are married. The agreement typically lists all of the couple's property, including assets, liabilities, income and expectations of gifts and inheritances, as well as their post-marital debts. A postnuptial agreement specifies how post-marital property, as well as the appreciation, gains, income, rentals, dividends and proceeds of such property, should be distributed in the event of death, separation or divorce. Laws governing postnuptial agreements vary by state.
Must a post nuptial or premarital agreement be in writing?
Yes, a postnuptial agreement should be in writing and signed by both parties. Some states require that postnuptial agreements be notarized and/or witnessed.
May I amend the agreement after marriage?
After marriage, a postnuptial agreement may be amended or revoked only by a written agreement signed by the parties.
What are the advantages of having a post nuptial or premarital agreement?
Advantages of postnuptial agreements for both parties are: (a) Avoiding Litigation Costs, (b) Protecting Family Assets, (c) Protecting Business Assets, (d) Protection Against Creditors, and (e) Predetermined Disposition of Property.