North Carolina family law attorney Jonathan Breeden has experience handling prenuptial agreements as well as other marriage law issues. He understands the confusion that can arise if you or your fiancé bring up the issue of a prenuptial agreement. He can answer your questions and put your mind at ease. Contact him today at for a confidential consultation.
A prenuptial agreement is a contract entered into before marriage that sets forth what will happen to your and your spouse’s, estate, assets, and income in the event of divorce, separation, or death.
Prenuptial agreements are useful because they allow you to bypass the confines of divorce court and dictate the separation of your property on your own terms. However, these agreements are not limited to separation and divorce. You can use a prenuptial agreement to dictate how you wish to buy and sell property within the marriage, and how you want to divide assets upon the death of a spouse.
The Uniform Premarital Agreement Act (Chapter 52B) in the North Carolina General Statutes outlines the basics for a prenuptial agreement. The most common issues addressed in these contacts include:
While the list above does not cover everything, it gives an overview of what a couple can consider when drafting a prenuptial agreement. The only major issue that a prenuptial agreement cannot address are the terms of child support.
Although the agreement is entered into before the parties marry, they are able to alter the terms after their marriage begins, as long as both parties agree in writing to the new terms.
Prenuptial arrangements are not just for the wealthy. In fact, anyone with personal assets, property, or children should consider and may benefit from a prenup.
A prenup can dictate the financial responsibilities and rights of each spouse in a marriage and what is distributed after a divorce or death. Prenuptial arrangements can protect one spouse from the other’s debts. They can also clarify how property is separated between children from a prior marriage. In addition, a prenuptial agreement can direct when spousal support can be paid to a spouse, as well as the amount and duration.
Prenuptial arrangements take some time to plan and execute. While they can be tailored to most couple’s unique circumstances, most become effective on the wedding day and last for the duration of a marriage. In some cases, prenups can also be designed to go into effect or expire after some prescribed period.
Admittedly, prenuptial arrangements are not the most romantic topic for couples, but can offer important protections. It is critical for both parties to remain honest and frank when planning a prenuptial arrangement. These documents can take some time to craft, and if one person leaves something out, this omission can make the agreement invalid.
When planning a prenup, consider:
North Carolina law describes requirements of a valid prenuptial agreement. The court likely will consider a prenuptial agreement invalid if any of the following issues exist:
This list is not all-inclusive, but it addresses some common problems that can be found with a prenuptial agreement. It’s important that you and you future spouse fully disclose your personal income and assets, and work together to come up with solutions to your financial considerations upon which you both can agree.
Additionally, it is beneficial to complete a prenuptial agreement at least 30 days prior to the date of the marriage. Otherwise, the court may determine that one party felt pressured to make the agreement.
The court can throw out any prenuptial agreement if it finds the agreement is too constricting, or unfair to either of the parties. The best way to ensure your prenuptial agreement will be all-inclusive, fair, and accepted by the Court is to work with a North Carolina attorney who focuses on marriage and divorce law.
A prenup lawyer can evaluate your circumstances and help you develop a clear understanding of what should and should not be included. Once both parties agree on the terms, a lawyer can review your assets and liabilities for completeness and draft a fair agreement that protects everyone involved.
If you and your spouse are considering a prenuptial agreement, you probably have a lot of question. It’s best to get answers and insight from an experienced family lawyer who knows how to protect your interests. Local attorney Jonathan Breeden of Breeden Law Offices has more than 19 years of experience helping North Carolina families with all of their legal matters, including prenups in virtually every conceivable situation. Call today to find out how he can help you.
Call Breeden Law Office today:(919) 296-3978