"You want me to sign what?", the fiancée exclaimed to her beloved. "A prenup - - - its to protect both of us", he responded. "So totally unromantic!", she shouted.
Yes. In the media, matrimonial contracts have been portrayed as unromantic, or a fiancé trying to take advantage of a fiancée, or even something only for the rich and famous. But like Hurricane Katrina, unforeseen events can happen in life that can be devastating. A matrimonial contract can help ease tensions, burdens, and predetermine answers to the dreaded "what if?" question.
A Prenuptial Agreement covers a variety of issues, for an example, can establish what each spouses' financial rights will be if the marriage ends. Subsequently, it can establish property rights; what property is separate and what property is community. How each spouse will be responsible for each other's debts is another issue. Moreover, it does not matter if the marriage ends in death or divorce, as such, other issues it can cover are:
In Louisiana, there are some limitations. You can't touch on child custody rights or child support. Moreover, issues of temporary alimony (spousal support), or limit the amount of final alimony. In addition, issues of sexual activity between spouses, as well as the disposal of property belonging to one spouse given to a third party.
No. They are for everyone! Some reasons why to get one are as follows:
While its best to do a prenupt, you can still do a matrimonial agreement after being married. However, postnupts generally require court approval. Persons who have recently moved to the state, however, can execute a postnupt without court approval within one year from the date that they moved to the state.
A divorce only ends the marriage. So, what happens to the stuff? That's where a Community Property Partition enters the scene. This document is the party's agreement on the division of the "stuff" accumulated during the marriage. This instrument can be used in the event that you didn't execute a prenupt or postnupt, or alongside if the said documents don't cover everything you've accumulated.