This Prenuptial Premarital Agreement with Financial Statements form package contains a premarital agreement and financial statements for your state. The agreement 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 agreement describes the rights, duties and obligations of prospective parties during and upon termination of marriage through death or divorce. These contracts 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.
Seattle Washington Prenuptial Premarital Agreement with Financial Statements
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How to fill out Washington Prenuptial Premarital Agreement With Financial Statements?
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FAQ
Separate Debt with Prenup A prenup allows you to separate your debt from the debts of your spouse by ?waiving? the application of community property. Designation of separate debts will limit the creditors from collecting from the separate debtor. There will be no community debt.
Be a written contract?no verbal agreements. Have lawful terms within the prenup. Include the signatures from both parties. Must be signed voluntarily (can't involve coercion, duress, intimidation, or deceit)
Do you Need Washington Prenuptial Agreement Lawyers to Make These Kinds of Agreements? From a purely legal standpoint, a prenuptial agreement does not have to be drafted by an attorney to be enforceable. As a practical matter, however, prenuptial and postnuptial agreements can be very complex.
A prenup can also protect any income or assets that you earn during the marriage, as well as unearned income from a bequest or a trust distribution. Without a prenup, you may be required to pay alimony to your ex-spouse. However, with a prenup, you can predetermine a specific alimony amount or even eliminate it.
The law does not allow a couple to include any terms regarding child custody, visitation or support in a prenuptial or postnuptial agreement. This is because a judge will make these decisions in a divorce case based on the child's best interests.
Unconscionability Invalidates a Prenuptial Agreement One party signed the agreement involuntarily or not by choice. One party demonstrates that the other party did not divulge all relevant information. One party can prove he/she was not allowed access to an attorney before signing the prenup.
When it comes to monetary assets, a prenup can also protect the future earnings of one or both parties so they are not up for grabs during a divorce.
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.