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New Jersey
New Jersey Revocation of Premarital or Prenuptial Agreement

Revoke Prenuptial Agreement Form

Category:

Family Law - Marriage - Property Agreements - Prenuptial Premarital

State:

New Jersey

Control #:

NJ-00590-E

Format:

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Description

The Revoke Prenuptial Agreement Form is designed for couples wishing to nullify an existing premarital agreement. This form outlines the rights and obligations of both parties and ensures that the revocation is executed according to the laws of the State of New Jersey. Key features include a section for mutual agreement, a clause emphasizing the need for written modifications, and a requirement for notarization to validate the document. Filling instructions specify that both parties must agree and sign, and attorneys should ensure all legal language is clear to both parties. This form is pertinent for attorneys, partners, and legal assistants as it facilitates the legal process of dissolving a premarital agreement, ensuring compliance with jurisdiction-specific laws. Additionally, it serves as a protective measure by confirming that the revocation is mutual and recognized legally. Legal assistants and paralegals can use this form to streamline their workflow by managing the documentation process, while associates and partners may use it for client consultations regarding their marital agreements.

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FAQ

Voluntary Both parties to a postnuptial agreement must have signed the agreement voluntarily and intentionally. Any indication that one spouse coerced or threatened the other into signing will make a postnuptial agreement null and void.

The three most common grounds for nullifying a prenup are unconscionability, failure to disclose, or duress and coercion. Unconscionability may be present if the agreement is patently unfair to one party.

The terms of a prenuptial agreement most likely cannot be changed if a couple is separated or in the process of getting divorced. Changes can only be made before a wedding or during the marriage.

Although all states allow you to revoke a prenuptial agreement, some do not allow you to modify the agreement after marriage, and a postnuptial agreement will have limited or no effect. Some states don't officially recognize the legal validity of postnuptial agreements.

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Revocation of Premarital or Prenuptial Agreement

Sometimes there are areas of law about which Uniform Acts are written and adopted by the various states. Premarital Agreements is such as 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 it is in writing and it sets forth the factors to consider if the agreement is challenged.

New Jersey Statutes

Short title:

This article shall be known and may be cited as the "Uniform Premarital Agreement Act." Source: New. L. 1988, c. 99, Â§ 1.37:2-31.

Definitions:

As used in this article:

a. "Premarital agreement" means an agreement between prospective spouses made in contemplation of marriage and to be effective upon marriage;

b. "Property" means an interest, present or future, legal or equitable, vested or contingent, in real or personal property, including income and earnings;

c. "Unconscionable premarital agreement" means an agreement, either due to a lack of property or unemployability:

(1) Which would render a spouse without a means of reasonable support;

(2) Which would make a spouse a public charge; or

(3) Which would provide a standard of living far below that which was enjoyed before the marriage. Source: New. L. 1988, c. 99, Â§ 1.37:2-32.

Formalities; consideration:

A premarital agreement shall be in writing, with a statement of assets annexed thereto, signed by both parties, and it is enforceable without consideration. Source: New. L. 1988, c. 99, Â§ 1.37:2-33.

Contents of premarital agreement:

Parties to a premarital agreement may contract with respect to:

a. 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;

b. 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;

c. The disposition of property upon separation, marital dissolution, death, or the occurrence or nonoccurrence of any other event;

d. The modification or elimination of spousal support;

e. The making of a will, trust, or other arrangement to carry out the provisions of the agreement;

f. The ownership rights in and disposition of the death benefit from a life insurance policy;

g. The choice of law governing the construction of the agreement; and

h. Any other matter, including their personal rights and obligations, not in violation of public policy. Source: New. L. 1988, c. 99, Â§ 1.37:2-34.

Premarital agreement not to adversely affect right of child support:

A premarital agreement shall not adversely affect the right of a child to support. Source: New. L. 1988, c. 99, Â§ 1.37:2-35.

When premarital agreement becomes effective:

A premarital agreement becomes effective upon marriage of the parties. Source: New. L. 1988, c. 99, Â§ 1.37:2-36.

Amendment or revocation of premarital agreement:

After marriage of the parties, a premarital agreement may be amended or revoked only by a written agreement signed by the parties, and the amended agreement or revocation is enforceable without consideration. Source: New. L. 1988, c. 99, Â§ 1.37:2-37.

Enforcement of premarital agreement; generally:

The burden of proof to set aside a premarital agreement shall be upon the party alleging the agreement to be unenforceable. A premarital agreement shall not be enforceable if the party seeking to set aside the agreement proves, by clear and convincing evidence, that:

a. The party executed the agreement involuntarily; or

b. The agreement was unconscionable at the time enforcement was sought; or

c. That party, before execution of the agreement:

(1) Was not provided full and fair disclosure of the earnings, property and financial obligations of the other party;

(2) 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;

(3) Did not have, or reasonably could not have had, an adequate knowledge of the property or financial obligations of the other party; or

(4) Did not consult with independent legal counsel and did not voluntarily and expressly waive, in writing, the opportunity to consult with independent legal counsel.

d. The issue of unconscionability of a premarital agreement shall be determined by the court as a matter of law. Source: New. L. 1988, c. 99, Â§ 1.37:2-38.

Enforcement of premarital agreement; marriage determined void:

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. Source: New.37:2-39.

Construction of article:

This article shall be construed to effectuate its general purpose to make uniform the law with respect to the subject of the article among states enacting the "Uniform Premarital Agreement Act." Source: New. L. 1988, c. 99, Â§ 1.37:2-40.

Application of article:

This article shall apply to premarital agreements executed on and after its effective date. Source: New. L. 1988, c. 99, Â§ 1.37:2-41.

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 Guidlines

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.

Revocation of Premarital or Prenuptial Agreement

New Jersey Statutes

Short title:

This article shall be known and may be cited as the "Uniform Premarital Agreement Act." Source: New. L. 1988, c. 99, Â§ 1.37:2-31.

Definitions:

As used in this article:

a. "Premarital agreement" means an agreement between prospective spouses made in contemplation of marriage and to be effective upon marriage;

b. "Property" means an interest, present or future, legal or equitable, vested or contingent, in real or personal property, including income and earnings;

c. "Unconscionable premarital agreement" means an agreement, either due to a lack of property or unemployability:

(1) Which would render a spouse without a means of reasonable support;

(2) Which would make a spouse a public charge; or

(3) Which would provide a standard of living far below that which was enjoyed before the marriage. Source: New. L. 1988, c. 99, Â§ 1.37:2-32.

Formalities; consideration:

Contents of premarital agreement:

Parties to a premarital agreement may contract with respect to:

a. 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;

b. 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;

c. The disposition of property upon separation, marital dissolution, death, or the occurrence or nonoccurrence of any other event;

d. The modification or elimination of spousal support;

e. The making of a will, trust, or other arrangement to carry out the provisions of the agreement;

f. The ownership rights in and disposition of the death benefit from a life insurance policy;

g. The choice of law governing the construction of the agreement; and

h. Any other matter, including their personal rights and obligations, not in violation of public policy. Source: New. L. 1988, c. 99, Â§ 1.37:2-34.

Premarital agreement not to adversely affect right of child support:

A premarital agreement shall not adversely affect the right of a child to support. Source: New. L. 1988, c. 99, Â§ 1.37:2-35.

When premarital agreement becomes effective:

A premarital agreement becomes effective upon marriage of the parties. Source: New. L. 1988, c. 99, Â§ 1.37:2-36.

Amendment or revocation of premarital agreement:

Enforcement of premarital agreement; generally:

a. The party executed the agreement involuntarily; or

b. The agreement was unconscionable at the time enforcement was sought; or

c. That party, before execution of the agreement:

(1) Was not provided full and fair disclosure of the earnings, property and financial obligations of the other party;

(2) 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;

(3) Did not have, or reasonably could not have had, an adequate knowledge of the property or financial obligations of the other party; or

(4) Did not consult with independent legal counsel and did not voluntarily and expressly waive, in writing, the opportunity to consult with independent legal counsel.

d. The issue of unconscionability of a premarital agreement shall be determined by the court as a matter of law. Source: New. L. 1988, c. 99, Â§ 1.37:2-38.

Enforcement of premarital agreement; marriage determined void:

Construction of article:

Application of article:

This article shall apply to premarital agreements executed on and after its effective date. Source: New. L. 1988, c. 99, Â§ 1.37:2-41.

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 Guidlines

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.

Revoke Prenuptial Agreement Form

This form is part of a form package!

Description

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Can a postnuptial agreement be voided?

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Trusted and secure by over 3 million people of the world’s leading companies

Revoke Prenuptial Agreement Form

This form is part of a form package!

Description

Related forms

Related legal definitions

How to fill out New Jersey Revocation Of Premarital Or Prenuptial Agreement?

Form popularity

FAQ

Can a postnuptial agreement be voided?

How do I revoke a prenup?

Can a prenup be reversed?

Can you get rid of a prenup after marriage?

Revoke Prenuptial Agreement Form Related Searches

Explore more forms

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