Free Prenuptial Agreement Sample and Top 10 Things You Need to Know
FREE Prenuptial Agreement Sample | Example | Template
What is a Prenuptial Agreement?
A plan and agreement between a couple that sets the boundaries of what will happen to you and your spouse’s assets and income if you divorce, separate or die.
What Does a Prenuptial Agreement Do?
It’s a financial contract and physical asset contract between two people before they get married. It outlines the assets and debts of each person and how assets, physical assets and debts will be managed if their marriage doesn’t work out.
When Should I Get a Prenuptial Agreement?
Right after you propose. This should be one of the first tasks you complete after you propose. You do not want to be in a situation where you did not discuss it and the wedding date is coming up. Invitations have been sent out. People and family are flying out and everything has been paid for. Right after you propose, get a prenuptial agreement and then nothing is hidden, which will solidity’s your relationship. Some couples even get postnuptial agreements, after they get married. If you sign a prenuptial agreement the day before the wedding, it can be invalidated. You want to do it after you propose and way before you get married.
50% of marriages in America fail and only 5% have a prenuptial agreement. In America, 9 billion is paid out every year in alimony. Don’t become a statistic.
Why Do Couples Get Prenuptial Agreements?
Because it’s what you’re supposed to do when you get married, just like getting a marriage license from the city. Couples need to account for their finances and debts as well as their personal property in case their marriage doesn’t work out or in case of death. It’s important to have a clear picture of assets, debts and personal properties; what’s what and how you’re going to separate it.
Here are some reasons:
- In some states to set spousal support payment amounts
- To protect a 401K
- To protect retirement funds
- To not be forced to pay off someone else’s debt
- To settle your assets, home, cars, toys, rental properties, pets or pet
- To protect pensions
- To protect savings
- To protect business interests, especially if you own a company with others
- To protect inheritance rights
- To protect inheritance rights of children from a previous marriage
- To protect your freelance business
- To separate a business partnership if you run a business with your spouse or employ your spouse. To protect family owned homes that you inherited.
- To protect your assets from a living trust your family left you
How Do I Get a Prenup?
You want to consult two or more attorneys. You can look online or ask a friend. Prenupman.com puts you in contact with two attorneys in your state who specialize in this scope of law. As we say, may the best attorney win and you get better value.
How Does a Prenuptial Agreement Influence a Marriage?
Statistics show that most couples who get a prenup stay together longer, because they understand the value of getting married and how bad actions can affect them financially and emotionally. If you write it down you remember it! Prenuptial agreements lead to stronger marriages and prevents disastrous divorces.
Who Needs a Prenup?
Every couple that gets married. Not getting a prenup is like driving a car without car insurance. Even if you’re not rich, do you want to be forced to pay off your spouse’s debts or bad investments or habits? Prenuptial agreements are not just for the rich. They are for everybody, and they should be the first thing you do after you propose.
What Financial Information is Included in a Prenup?
Business accounts, bank accounts, retirement accounts, assets, personal properties and collectibles. Also, student loan debt, credit card debt, mortgage debt, business debt, tax debt, business debt and personal loan debt. Assets and debts need to be separated before you get married, and documented in a prenuptial agreement.
What are the Restrictions of a Premarital Agreement?
State Law determines the limitations of a premarital agreement, and you need to contact an attorney to find out what the limitations are. Child support, parental visitation rights, in some cases alimony and palimony payments if deemed unfair at the time of negotiation. It’s important to update your prenuptial agreement as needed throughout your marriage.
Why It’s Important to Discuss All of Your Finances Before You Get Married
Because you need to be able to talk about your financial debt, credit score rating, all personal financial obligations, business debt and past marriage financial obligations. Many marriages end because of money issues and debt. It’s best to do it upfront so you and your spouse have no issues moving forward. Marriage is the biggest decision of your life and you don’t want to cut any corners. Starting off on the right foot is essential.
Why is it Important to Update Your Prenup as Your Income Changes?
Because you want to keep your and your spouse’s finances, assets, business debt, debts and personal property organized. The longer you’re together, the more community property is created and it’s important to keep your prenup up to date.
What are all the Different Names for a Prenuptial Agreement?
Prenup, Antenuptial Agreement, Premarital Agreement
How do you Bulletproof Your Prenuptial Agreement?
If a prenuptial agreement is poorly written and you did not follow the correct process, it may not hold up in court when challenged. The important thing is to have a plan that both of you agree too. Honesty is the best policy and all marriages should start off on the right note with no secrets between each other.