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Prenuptial Agreement

A written, premarital contract dealing with death and divorce which sets forth the rights and responsibilities of the parties upon occurrence of these events. Such agreements must be ?fair and reasonable? at the time entered, and ?fair and reasonable? at the time of enforcement. The longer a marriage, the less enforceable they become. The parties financial statements should be attached since full disclosure is required.

Question: prenuptial agreement? who wishes now that they had set a prenuptial agreement in place? why?

Answer: I used to think they were bogus, but now they make sense if you come into the marriage with substantial assets, and you want to protect your childrens' inheritance. (I'm thinking more for 2nd marriages)

 


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