Opt For Prenuptial agreement if you are in living in relationship

By Vineet at February 26, 2010 | 12:00 am | Print

Now-a-days it is common to see many young couples are living together without marriage, if you are one of them then always do a agreement which is called a prenuptial agreement or more commonly called prenupt .In many cases, we have seen worldwide that people who is rich trap by hot women and ultimately after divorce he have to pay million of dollars in the name of settlement or care, same is true with some rich women who caught by some young poor guys .For handling this kind of problems, you can opt for prenupt agreement.It is a contract or agreement entered between two people who are willing to marry in near future. This contract define the procedure of how assets and personal liabilities will be shared or distributed or spousal support in the unfortunate event of divorce or death.


What Is Prenupt Agreement:

According to wikipedia ,”A prenuptial agreement, antenuptial agreement, or premarital agreement, commonly abbreviated to prenup or prenupt, is a contract entered into prior to marriage, civil union or any other agreement prior to the main agreement by the people intending to marry or contract with each other. The content of a prenuptial agreement can vary widely, but commonly includes provisions for division of property and spousal support in the event of divorce or breakup of marriage. They may also include terms for the forfeiture of assets as a result of divorce on the grounds of adultery, further conditions of guardianship may be included as well.”

Why To Opt For prenuptial Agreement:

Prenuptial agreement is a wise decision because it will protect you during and after marriage.

Terms &Conditions:

Prenupt agreement should carry the certification of an attorney from both parties as well.

Many prenupt agreement carry ‘must clause’ that would not consider that entire agreement null and void if any one provision is invalidated.

In the case if a couple wants to change the terms of a prenuptial agreement after marriage it will be treated as a postnuptial agreement.

In the case of prenuptial agreement mentioning about financial obligations and rights, a separate list of assets and liabilities of both partners should be given in the agreement.

In prenupt agreement everything should shown clearly about both party’s assets, liabilities, properties right before the marriage and if divorce or death happens the separate procedures to be followed for settling the division of properties and alimony for spousal support etc.

Is This Agreement Exist In India:

In India prenupt was not used upto few years back but with new young urban population is started to going more often for living in relationship, now it is also common in india. However, it is quite common in US and accepted as legally in the U.S while in some countries like England and Wales it is optional. It also exist in Canada, France, Italy and some other countries.

Money Matters , , , , , ,

Related Posts

Post Your Comments

You must be logged in to post a comment.