Prenuptial Agreement: Basic Requirements for Protecting Your Assets After Divorce
Life is unpredictable and so is our future. Today people are getting into relationships and getting married, but can we guarantee that the marriage will sustain till the end? No, we can’t. To be practical, couples need to draft a prenuptial agreement to avoid any future mess. Before discussing the requirements for drafting a prenuptial agreement, know the basic fundamentals. Remember, this is not a guide to help you make the draft. For that, you need a family attorney in Oklahoma City, OK. Continue reading to get an idea on the entire concept in a nutshell.
What Is Prenuptial Agreement?
It is basically a legal agreement between a couple before their marriage. This agreement establishes property and financial rights of each spouse after or in the event of a divorce. You may think this is distasteful; no one likes to think of divorce, especially when they are getting married. But, the fact of the matter is a huge number of marriages in the United States end in divorce and then there are problems that take place because of properties and other belongings. The main idea is to protect the assets of each spouse and family business. Consult a family attorney in Oklahoma City, OK to get a better view.
The Basic Requirements
As it is a legal agreement, it needs to be valid. For making it legally binding, you need to ensure some factors.
Each partner needs to execute the agreement voluntarily. If one of them does not agree with the terms, there is no point in proceeding. Therefore, before arranging the agreement, talk to your fianceé, talk to a lawyer and then, if you two decide to make have one created, ask the lawyer to continue the process.
You and your partner need to be transparent about your belongings and properties. Otherwise, if any problems occur in the future, it will not be protected within the agreement.
Both of you need to sign the agreement. It should be done in the presence of a public notary.
A lawyer needs to be hired to evaluate and assess the agreement so that there is not any room mistakes. If any unfair or unreasonable activity is proven with any of the parties, the document becomes invalid. This is to ensure that the agreement is impartial if any such situation occurs. The state law will be unbiased while protecting the properties and separate them again if any unpleasant thing happens.
Hire a family attorney in Oklahoma City, OK, from The West Law Firm. They are a reputable firm that deal with these cases successfully. If you have decided to create a prenuptial agreement, they are just a call away.