A prenup or marriage contract is an agreement that a couple made before saying their self – would detail their money situation if the marriage ended. During the contract, you and your partner reveal your current finances. Some couples also prefer to work with a forensic accountant to help with this aspect. Luckily for Justin and Hailey, it`s not too late to get the benefits of a marriage contract. According to state law, they can enter into a marriage contract that will be signed after the marriage. The basic elements of a post-day proclamation are the same as in the case of marriage, although post-economic agreements are more difficult to enforce depending on the state and some states require consideration. The quid pro quo is something of a value that one party gives to the other to get them to sign the agreement. These can be cash, real estate, shares or other assets. The Postnup agreement should include the distribution of assets, but also the loss of wages and benefits of the parent who stays at home. The deal must be fair, otherwise it will likely be rejected by a judge in a trial. If you are considering a marriage, you should consider whether a marriage contract would be in your best interest.

If you decide to pursue a prenup, be sure to hire a lawyer who understands what is needed for a marriage contract to be implemented. Our experienced team at O`Connor Family Law can help you create a marriage contract that suits your needs and has the best chance of being considered enforceable. Call again today to arrange a recording, so we can work on your pre-marital agreement and protect your future! Some of the advantages of a marriage contract are as follows: It`s a tricky thing. If you are the one who waives the rights you might otherwise have, if you divorce, you may feel that your spouse is not fair. But fairness is very different from impitoyability. The longer your marriage and the greater the inequality between the two spouses, the more likely it is that the marriage contract will be ruthless. If the agreement is set up in such a way as to leave a spouse on the street without the financial means to support himself, there is a greater chance that the judge will declare the agreement ruthless and void. Below is a list of the advantages – and potential disadvantages – of marriage contracts and when they might be useful. Is a prenup what you need? That`s the only thing you can say for sure. If this is the case, the next step is to sign and date the document. Some states also require you to have witnesses during the signing process.

After signing, bring the contract to the notary. Post-ups or postuptial agreements can play a similar role. It is essentially an agreement between a couple on how their property will be distributed at the end of their marriage…