Arkansas Model Letter to Client regarding Antenuptial Premarital Agreements - informational
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How to fill out Model Letter To Client Regarding Antenuptial Premarital Agreements - Informational?
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FAQ
If you are getting married and drafting a premarital agreement, you are required to fully disclose any assets, income, and debt. This information is extremely important if the marriage ends and you file for a divorce.
How To Bring Up A Prenup Without Sounding Like A Jerk Have the conversation as early as possible. ... Know that it's going to be a weird, heavy conversation. ... Emphasize how much of a headache you'll be saving yourselves later. ... Remind your partner that all relationships end one way or another.
What Is a Prenuptial Agreement and 10 Topics It Should Address Marital and Solely-Owned Property. ... Trusts and Inheritances. ... Allocating Assets to Children. ... Bank Accounts and Credit Cards. ... Debt Accrued Prior to Marriage. ... Spousal Responsibilities. ... Spousal Maintenance. ... Protections for Estate Plans.
For it to be valid, both parties must disclose all of their existing financial and property information, outlining all assets, including real estate, stocks, and retirement accounts, as well as all debts, including student loans, car loans, and credit cards.
In addition to a list of assets, prenups include instructions for how they'll be allocated if the marriage ends. Some prenups allow for lifestyle clauses. These outline instructions for anything from what would happen in the case of infidelity, all the way to custody arrangements for children and pets.
Even just choosing the right time and explaining your goals can really help move the needle. Explain how prenups can actually be romantic. Tell them how it can equalize the power dynamic in the relationship. Clearly state your desires for the prenup. Choose the right time to discuss.
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.
For example, instead of saying, ?we're getting a prenup? or jumping assumptively to things like ?we need to include [xyz] in our prenup,? try ?let's talk about getting a prenup.? Don't say, ?My parents are making me include a clause protecting my inheritance,? say, ?my parents are concerned about making sure their ...