What You Need to Know About Prenuptial Agreement

What comes to your mind when you hear about a prenuptial agreement? Some think a prenup is a division of wealth between couples. If you're planning to get married then you need to know more about the premarital agreement.

A prenuptial agreement is a legal contract made before a couple gets married or engages in a civil partnership. The agreement answers the question of what should happen to the properties of the couple if divorce arises. Though entering into a contract before getting married may seem unromantic, but the agreement means the assets of both parties are protected.

What to Consider When Getting a Pre-marital Agreement

When getting a prenuptial agreement, a couple should ensure they agree on what to include in the prenup. Here are some of the factors to consider:

·        Whether a significant property is involved.

·        Whether there are children from previous marriages.

·        If one party is richer than the other.

·        If one spouse owns the whole business or partially.

 The prenuptial agreement may include responsibilities of the spouses, and the financial obligations that each party has in the marriage. The two parties may be bound to whether to have children and how they will be brought up. The agreement may not solve all the challenges encountered during the marriage, but it minimizes the chances of having a contested divorce.

If you are wondering where to get help with your prenup, check out this prenuptial agreement template on DoNotPay.

Elements of a Valid Prenuptial Agreement

For an agreement to remain valid, several elements must be included. In the absence of those elements, the contract remains null and void. Here are the elements a prenuptial agreement must have:

1.      Both parties to append their signatures.

2.      Time for each party to review the document and understand it.

3.      Prepared under full disclosure of all relevant information.

4.      Be free from undue influence.

5.      Be informal writing.

6.      Be signed in the presence of witnesses.

In some cases, the elements of a prenuptial agreement may vary, depending on the parties involved. Free Advice has more information on key elements for valid prenuptial agreements.

How Can DoNotPay Help?

If you are planning to wed in the next few months, you should get your prenup now and avoid a messy divorce. As a robot lawyer, DoNotPay helps you create a standard legal document at the press of a button. You get your legal document in minutes and a fraction of the cost you would pay a lawyer.

To get started on DoNotPay, use your email or phone number to create an account. Search for “Prenuptial Agreement” at the top of the page, and enter your name and email address and your partner’s name and address.

You will also be required to provide more details that you want to be included in the agreement. DoNotPay will create a professional agreement in minutes. This document is legal, and it can be presented in your state’s court.

Final Thoughts

If you want to know the financial position of your spouse, protect yourself, and safeguard the assets within your family, then a pre-marital agreement is necessary. DoNotPay is there to assist if you need uncontested divorce; you get a professional prenuptial agreement in minutes and save on legal fees.