12Law Arrow 12Law Arrow  Easy Questions  
12Law Arrow 12Law Arrow Instant Legal Documents
 
 
FINANCIAL & MARITAL

Cohabitation Agreement coming soon!
Separation Agreement coming soon!
No-Fault Divorce coming soon!
Bankruptcy coming soon!
 
 

Orientation to Pre-Nuptial Agreements in Warren, MI

Orientation to Pre-Nuptial Agreements in Warren, MI


A successful marriage requires falling in love many times, always with the same person.
 
- Mignon McLaughlin


A prenup is a contract entered into prior to marriage, civil union or any other agreement that typically includes provisions for division of property and spousal support in the event of divorce or breakup of marriage.

Premarital Agreement is a newer term used to refer to this document. In some states it is called an antenuptial agreement or simply a contract. If contact or agreement is signed after marriage it is known as postnuptial or marital agreement.

Who Needs a Prenuptial Agreement?

Prenups are not just for affluent people. This is commonly perception because prenuptials are often used as a means to protect the assets of the rich. Presently, couples of modest means use this agreement as a means to achieve their goals such as:

• Passing on separate properties to children from prior marriage. Having a prenuptial agreement by couples who have children from prior marriages can be a binding document which can be used to bequeath their respective children property if they pass away. The surviving spouse can usually claim a larger share of the property in the absence of a prenuptial agreement.

• Financial rights. This document can clarify the financial rights and responsibilities of couples, with or without children, wealthy or not.

• Avoid conflict during a possible divorce in the future. Having a prenuptial agreement can prevent potential arguments about the financial settlements and division of property during a divorce. Less uncertainty may lead to less acrimony. Some states will scrutinized heavily if a spouse gives up the right to alimony. It may not be enforced if it was found that the spouse did not understand what they were signing.

• Get protection from debt. Prenups can address a variety of issues and can help protect spouses from each other's debts.


Having No Prenuptial Agreement

During divorce or death, state law will determine who will own the property acquired during the course of marriage when no prenuptial document is available. Depending on the state, this acquired property may be known as marital or community property.

Since marriage is considered as a contract between two people, certain automatic property rights can accompany the union. Without a prenuptial agreement, the spouse has the right to:

• Shared ownership. Property acquired during the course of marriage is expected to be divided by the spouses in case of death or divorce.

• Debts incurred during marriage that the other spouse may have to pay

• Marital or community property, which has to be shared in terms of management and control. The spouse can have the right to sell or give it away.


These are just a few of the things that may occur in a marriage without a prenuptial agreement. If this is not your preference, signing a prenup agreement is a good way to let you and your partner decide how your property should be handled. These laws are also known in other names such as marital property, probate laws and divorce.

How to Make Sure Your Prenuptial Agreement is Valid

Historically, courts were suspicious of prenups because they usually involved a waiver of legal and financial benefits by a less wealthy and less financially sophisticated spouse. As divorce and remarriage have become more prevalent, and with more couples opting for prenups, courts are increasingly willing to enforce Premarital Agreements. Nevertheless, a prenup that is judged unfair or otherwise fails to meet state requirements will still be set aside.

It is important that you negotiate and write up your agreement in a way that is clear, understandable, and legally sound. You can check out a free preview of a prenup at 12Law.

 
Personalize & Print a Free MI Premarital Create This Document
Page 1
Page 2
Page 3
Page 4
Page 5
Page 6
Page 7
Page 8
Page 9
Page 10
Page 11
Related Legal Services near Warren, MI
Stuart Pinsky
3280 E 13 Mile Rd
Warren, MI 48092
(586) 558-9642
Attorneys, Family Law Attorneys, Divorce Attorneys, General Practice Attorneys, Legal Service Plans
Frego & Assoc
30800 Van Dyke Ave
Warren, MI 48093
(586) 619-9432
Bankruptcy Law Attorneys, Attorneys
Schwartz Law Firm
30078 Schoenherr Rd
Warren, MI 48088
(248) 553-9400
Attorneys,  Criminal Law Attorneys,  Accident & Property Damage Attorneys,  Personal Injury Law Atto
Branch Willaim F
29065 Schoenherr Rd
Warren, MI 48088
(586) 574-9400
Attorneys, Legal Service Plans, Bankruptcy Law Attorneys
Hammel Dave
11662 Martin Rd Ste D
Warren, MI 48093
(586) 755-9300
Attorneys, General Practice Attorneys, Legal Service Plans
Babi & Sanfield PLLC
28850 Mound Rd
Warren, MI 48092
(586) 573-9000
Attorneys,  Bankruptcy Services,  Criminal Law Attorneys,  Bankruptcy Law Attorneys,  Financial Serv
Babi & Sanfield
28850 Mound Rd
Warren, MI 48092
(586) 573-9000
Attorneys,  Bankruptcy Services,  Criminal Law Attorneys,  Bankruptcy Law Attorneys,  Financial Serv
Nahhat Edward
29199 Ryan Rd
Warren, MI 48092
(586) 573-8900
Attorneys
Total Attorneys - Personal Injury
274319
Warren, MI 48397
(586) 834-8632
Attorneys, Legal Service Plans
Russi & Penna Law Firm
11662 Martin Rd
Warren, MI 48093
(586) 757-8330
General Practice Attorneys, Attorneys
Acclaim Legal Services
8900 Thirteen Mile Road
Warren, MI 48093
(866) 261-8282
Bankruptcy Law Attorneys, Credit Repair Service, Foreclosure Services
Zorza John Atty
5120 University Ave
Warren, MI 48092
(586) 573-7988
Attorneys
Bernstein & Bernstein
30500 Van Dyke Ave Ste 101
Warren, MI 48093
(586) 573-7766
General Practice Attorneys,  Attorneys,  Malpractice Law Attorneys,  Social Security & Disability La
Kostopoulos & Associates P
30800 Van Dyke Ave
Warren, MI 48093
(866) 969-7482
Bankruptcy Law Attorneys, Attorneys, Legal Service Plans
Met Legal
8593 Estate Plaza Dr
Warren, MI 48093
(586) 751-7380
Paralegals
Mancini Schreuder Kline & Conrad
28225 Mound Rd
Warren, MI 48092
(586) 751-7203
Personal Injury Law Attorneys, Attorneys, Insurance
Conrad James P
28225 Mound Rd
Warren, MI 48092
(586) 751-7202
Attorneys
Modelski Sophie
8326 E 12 Mile Rd
Warren, MI 48093
(586) 486-7202
Attorneys,  Legal Service Plans,  Bankruptcy Law Attorneys,  Bankruptcy Services,  Financial Service
Cusmano Frank G
30500 Van Dyke Ave # 101
Warren, MI 48093
(586) 573-6700
Attorneys, Legal Service Plans
Jakes Financial
7657 E 8 Mile Rd
Warren, MI 48091
(586) 755-6600
Bankruptcy Law Attorneys, Attorneys
Abdo Matthew
32888 Ryan Rd
Warren, MI 48092
(586) 412-5555
Criminal Law Attorneys, Attorneys
Rose III Arthur J
31851 Mound Rd
Warren, MI 48092
(586) 264-4800
General Practice Attorneys, Attorneys
Earl Jr Charles H
31851 Mound Rd
Warren, MI 48092
(586) 264-4800
General Practice Attorneys, Attorneys, Legal Service Plans
Cooper Patricia M
6200 Chicago Rd
Warren, MI 48092
(586) 795-4488
Attorneys,  Family Law Attorneys,  Legal Service Plans,  Probate Law Attorneys,  Divorce Attorneys
12Law.com   |  NASHVILLE, TN USA   |  CONTACT US