LEGAL QUESTIONS REGARDING PREMARITAL AND PRENUPTIAL AGREEMENTS
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What topics should my premarital agreement or prenuptial agreement
cover?
There are lots of topics that you can choose to cover. Prenup
Checklist There are also financial disclosures which need to
be made - Disclosures
Worksheet
You can include as much or as little as you wish as long as your financial
disclosures are complete. Negotiation a premarital
agreement is a very personal choice, and the agreement should be tailored
to your and your fiancé's needs.
At Peace Talks Mediation Services, our mediators will make sure
that you have thought about all of the options before you sign your
Agreement.
How can I be sure it's a fair premarital agreement?
California law requires that you each have an attorney to review
your premarital agreement before you sign it. Your attorney will
help you determine if the agreement is fair for you.
In some circumstances, you can have a valid premarital agreement
without having an attorney represent you, but why take an unnecessary
chance with such an important document? If it's important to do
it, it's important to do it right.
Take a look at California's
criteria for creating a valid premarital agreement.
At Peace Talks Mediation Services, our mediators will make sure
that you have thought about all of the options and that you have
all of the information you need before you sign your agreement.
Will I need an attorney to review my premarital agreement?
Yes. California Family Code Section 1615 (c)(1) says that a court
will assume that an agreement was executed involuntarily if the
person against whom it is being enforced wasn't represented by an
attorney.
In some circumstances, you can have a valid premarital agreement
without having an attorney represent you, but why take an unnecessary
chance with such an important document? If it's important to do
it, it's important to do it right.
Follow this link to the California
Family Code Section 1615.
Do you know who Barry Bonds is? He's a very successful and talented
baseball player. In
his case, the premarital agreement was upheld even though his
wife didn't have an attorney to review the agreement for her. California
Family Code Section 1615 (c)(1) was probably drafted in reaction
to the results of this case, which now means you must each have
an attorney if you want for your premarital agreement to have the
best chance of being upheld.
At Peace Talks Mediation Services, our mediators will make sure
that you have thought about all of the options and that you have
all of the information you need before you sign your agreement.
Are premarital agreements or prenuptial agreements enforceable?
How can I be sure?
Generally yes, premarital agreements are enforceable, provided
that they were executed properly.
Follow this link to California
Family Code Section 1615, which lists the requirements for agreements
to be enforceable.
Waiving spousal support (alimony) has been more controversial,
but the way California law stands today, it is probably valid to
waive your rights to spousal support in a premarital agreement. Pendleton
Fireman case summary
At Peace Talks Mediation Services, our mediators will make sure
that you have thought about all of the options and that you have
all of the information you need before you sign your agreement.
What are California's laws concerning premarital agreements or
prenuptial agreements?
California Family Code Sections 1600-1617 cover drafting and enforcement
of Premarital Agreements and Prenuptial Agreements. Here is a copy
of the 2
most important of those laws, with some sample language that
may go into a premarital agreement or prenuptial agreement.
At Peace Talks Mediation Services, our mediators will make sure
that you have thought about all of the options and that you have
all of the information you need before you sign your agreement.
Can I change the terms of the premarital agreement or prenuptial
agreement once I've signed it?
No. You can't change the terms of the agreement after you sign
it unless both people agree to make the change. That's why it's
so important to make sure it's exactly what you want before you
sign it.
The mediators at Peace Talks will help you make sure that you're
making the right decisions and that you've covered all the bases
before you sign your agreement.
Once I've signed the premarital agreement or prenuptial agreement,
can I get out of it?
No, not unless both you and your spouse agree to terminate the
agreement. There's no "grace period." Once an agreement
has been signed, it's final unless both people agree to modify it.
At Peace Talks Mediation Services, our mediators will make sure
that you have thought about all of the options and that you have
all of the information you need before you sign your Agreement.
Who keeps the premarital agreement or prenuptial agreement once
it's signed? Is it confidential?
You will sign several originals of the agreement, and both you
and your fiancé will keep an original. Your lawyers will
also keep a copy, and maybe an original too. If the original gets
lost, you can use a photocopy in court in most cases.
The agreement is confidential unless you decide to record it on
the land records. The only reason to record it on the land records
is to put other parties on notice that the agreement exists. For
example, if part of what your agreement does is protect you against
your spouse's debts, the only way you can bind the 3rd party creditors
is by making them aware of the agreement. Typically this is done
by recording the agreement, or an abstract of the agreement, on
the land records.
If you mediate your agreement at Peace Talks, we will also keep
a copy in our archives in case you ever need it. |