Nothing on this site should be taken as legal advice for any individual case or situation. The first school of thought says that a prenup creates a backup plan of sorts for couples.
Marriage is supposed to be the union of two people based on love and trust. With a prenuptial agreement, both spouses are calmly and rationally figuring these issues out way before any discord or tension arises, and are working together to make sure that both spouses will have financial security and stability no matter what happens. Another misconception is that prenuptial agreements are a way for one legally or financially sophisticated spouse to take advantage of the other spouse to get that person to “sign their rights away.” Under California law, both spouses must be represented by their own attorney in making a prenuptial agreement. So when your fiancé comes up with the request for a prenuptial agreement, it can throw a monkey wrench into your concept of happily-ever-after and loving someone unconditionally. I am educated, professionally established and we are not far apart economically. Again, it’s up to you whether or not to feel offended by the request to sign a prenuptial agreement, but it is the case that plenty of couples in California have created prenuptial agreements as part of their efforts to build a stable and secure future for one another. Maybe your instinct is to be offended, or perhaps confused, or not even sure whether you should be offended or not. Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiu incididunt ut labore et lorem ipsum. That being said, take a second to consider why you might get upset about your fiancee’s demand. Each debt needs to be addressed in the prenup, including who is responsible for it if you two divorce. Lake Avenue Suite 1020 Pasadena, CA 91101. Please click here for more resources. Is such a request an indicator that the trust factor leaves something to be desired? The goal of the marriage contract is to ensure that all of that information is out in the open, so each partner is completely aware of what he or she is getting into. A prenup (also known as a marriage contract) is an agreement signed before the wedding that sets out rules for property division in the event that the couple divorces or one member of the couple dies. Does the idea of a marriage contract upset you because you think that it’s a disincentive for couples to undertake the challenging work of building a successful marriage? Fine & Associates Professional Corporation is a well-respected Toronto Law Firm that prides itself on providing quality personal service and favourable outcomes in Family Law and Divorce Law.
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What Is a Prenup? While prenuptial agreements are primarily thought of as a way to decide how your assets would be split up in the event of a divorce, they can be initiated for a variety of reasons. These agreements require you and your fiancé to disclose all of your finances to one another. Before you get upset and say or do something you might regret later, take a deep breath and ask your intended why he or she wants a marriage contract. “Why would anyone want to sign a marriage contract?” you ask. Fine & Associates Professional Corporation. Does this mean your soon-to-be spouse is not fully committed to marriage success? These are all valid questions.
If you and your partner don't intend to add assets. There are so many preconceptions about prenups (short for prenuptial agreements) that you’re not sure how to feel. What will happen to those if they are not somehow legally protected in the event of a divorce or your death?
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