Prenuptial Agreement


Overview
- A Pre-Nuptial Agreement is a contract signed before a marriage to set forth by contract each person's rights in separate property, income, alimony, child support, and inheriting from each other.   
- The contract is intended to change what would occur by law if there is a divorce or if a spouse dies.
- These types of contracts are also referred to as Ante-Nuptial or Pre-Marital Agreements.
- These agreements are most often used in a second marriage. For example, when each spouse wants to pass on the bulk of his or her property to his or her own children by a prior marriage.  However, they can also be used by people who have never been married before.  
- This agreement provides the necessary options for couples who live in community property states, including Arizona, California, Idaho, Nevada, New Mexico, Texas, Washington, and Wisconsin.
- It also includes options if either or both of the parties have minor children from a prior marriage, allowing you to specify, for example, that neither party has any obligation to support the other party's children.

When You Need It
- When you want to specify that certain property and income is to remain the separate property of each person, and is not subject to division in the event of a divorce.
- To eliminate the possibility of a spouse receiving an inheritance out of a deceased spouse's property. 
- To allow you, in those states which permit it, to establish alimony obligations in the event of a divorce.


Getting Started

You will need:
- Names and addresses of both parties involved in the agreement.
- To obtain pertinent information about children either party might have had prior to the marriage.
- To obtain a complete list of assets and income of both parties.
- To obtain a complete list of liabilities for both parties

When to Review and Revise
- When needing to change a provision in the agreement (must be done prior to the marriage)
- Mutual agreement to revoke the agreement.