Prenuptial Agreement PPR For Free

Prenups should be reasonably fair. There doesn't need to be a perfectly equal division of assets, but prenups should also not leave someone with a bunch of debt and no assets, especially when they are staying home with the children and taking care of the house (i.e., they have no real way of earning an income).

Prenuptial agreements or marriage contracts are not enforceable in any court in India. Such agreements have persuasive value only, that is, they show the intention of the parties entering into marriage regarding maintenance/alimony or division of assets at the time of entering a marriage.

A prenup agreement protects both the parties from each other's debts. A prenup contract makes both the parties financial secure, in case any of them dies. A prenup secures and protects the child, in case the parents opt for a divorce or a mutual separation.

Full financial disclosure is required for a valid prenup A prenup must include full financial disclosure. Before you agree with your partner about the property and spousal support, you need to understand your spouse's full financial picture.

Most prenuptial agreements address two key concepts: division of assets (defining and dividing the marital property between the two spouses) at the end of a marriage, and support (ongoing payments from one spouse to the other) upon dissolution of the marriage.

That under the Special Marriage Act, 1954, a prenuptial agreement can be granted legally binding status provided it is submitted along with the necessary documents as required under the Act for the declaration of marriage and then, duly registered with the Registrar.

It's common practice to protect your existing assets with a prenup. But what about assets you haven't yet acquired? In a nutshell, you can protect future assets in a prenup, and it can be a helpful provision for you, especially if you're expecting to earn or acquire assets after you get married.

A prenup cannot include child support or child custody issues. The court has the final say in calculating child support. The court determines child support based on a "best interest of the child" standard. The court can't uphold provisions of prenups that deal with child support, child custody, or child visitation.

5 Things You Can't Include in Your PrenupIndividuals entering into their second marriage.Individuals who have children from previous relationships.Individuals who have large debts, businesses, or personal investments.Couples who have significant differences in age or income.Jun 5, 2014

Experts agree a prenup can actually be a wise investment, not only because it outlines a couple's finances, but because it can thwart a costly and contentious divorce if the marriage doesn't work out.