What Is A Pre-Nuptial Agreement?
A Pre-Nuptial Agreement, (aka a pre-nup, or an ante-nuptial agreement), is an agreement that a soon-to-be married couple enters into in order to define marital property and separate property and protect assets. The agreement specifies what can and can not be considered marital property, such as a retirement account already owned by one party.
You can also stipulate to alimony in a pre-nuptial agreement. If you have an inheritance or a potential inheritance, a pre-nuptial agreement will protect that as well.
It is necessary to provide back up documentation when drafting a pre-nuptial agreement. This may also be referred to as financial production. Providing these documents contemporaneously with signing the pre-nuptial agreement solidifies the understanding that each party has of the other party’s assets and serves as proof if the value of any asset at the time of marriage should ever be questioned.
Should I Choose Wolf & Shore Law Group To Help Me With My Pre-Nuptial Agreement?
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