Memphis Tennessee Premarital Agreements Package

State:
Tennessee
City:
Memphis
Control #:
TN-P035-PKG
Format:
Word; 
Rich Text
Instant download

Description

This package 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 forms describe the rights, duties and obligations of prospective parties during and upon termination of marriage through death or divorce.


These forms 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.


Included in your package are the following forms:



1. Prenuptial Premarital Agreement without Financial Statements;

2. Amendment to Prenuptial or Premarital Agreement;

3. Financial Statements only in Connection with Prenuptial Premarital Agreement;

4. Revocation of Premarital or Prenuptial Agreement
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How to fill out Tennessee Premarital Agreements Package?

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FAQ

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.

Prenups can cost anywhere from $1,500 to $10,000, depending on how complicated they are.

The most important factors affecting the total fees are the size of the parties' estates, the number and complexity of necessary valuations of assets and/or business interests, and the detail and length of negotiations. The retainer can range from $5,000.00 to over $15,000.00.

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)

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.

Tennessee courts interpret and enforce prenuptial agreements in the same way as any other contract. Generally speaking, prenuptial agreements address the division of property, such as land, buildings, retirement, cars, furniture, and bank accounts. Couples must finalize their prenuptial agreement before the wedding.

Tennessee courts interpret and enforce prenuptial agreements in the same way as any other contract. Generally speaking, prenuptial agreements address the division of property, such as land, buildings, retirement, cars, furniture, and bank accounts. Couples must finalize their prenuptial agreement before the wedding.

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 a TN prenup to be considered valid, it must be drafted under specific guidelines that include: A written contract. Lawful terms. Signatures from both parties (HelloPrenup suggest initially each page!).Signed voluntarily (without being under duress, intimidation, deceit, etc.) Full disclosure of finances!

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Memphis Tennessee Premarital Agreements Package