Signing a premarital agreement is not romantic and it can be stressful. However, it is one of the many instances where a couple must work together to agree on how they want their marriage to work.
A premarital agreement is a roadmap to guide parties in the event of their divorce, legal separation or annulment. It is an enforceable contract, and it comes into play once a party files for divorce, legal separation, or annulment with the Court. A premarital agreement is not just for the rich and famous.
It is for everyone who needs to set their affairs a certain way, in the event that the happily ever after is short-lived. It protects both parties and it determines how to handle finances, inheritance, businesses, ownership of real and personal property, etc.
It can address alimony obligations, responsibility or premarital debts, and it can have a sunset clause (the premarital agreement becomes null and void if the parties remain married for a certain number of years.)
The premarital agreement cannot include any provisions regarding child custody, parenting time and child support. Also, it cannot include any provisions that are illegal, unconscionable, or grossly unfair.
Premarital agreements are not one-size-fits-all. You should be sure to discuss and understand each provision and agree to what it means before signing the agreement. Depend on the advice from your own trusted family law attorney to ensure such understanding.
Give us a call today at 203-917-3506 or contact us online to learn more about how we can assist you in the preparation or review of your premarital agreement.