A prenuptial agreement can be made to cover the assets that spouse has at the time the prenuptial agreement is being drafted and also assets that the spouse will later receive. The prenuptial agreement can also be used to exclude inheritance or property that is received through a will.
Prenuptial agreement is a contract known as an either / or contract, which means that there either is marital right or there is not. Marital right refers to whether the spouse has marital right of the other spouse’s property at the end of the marriage.
A prenuptial agreement can be used to provide that:
1. Neither spouse will have any matrimonial rights to any property of the other spouse (a prenuptial agreement that completely excludes the spouses´ rights to each other’s property)
2. Neither spouse will have matrimonial rights to specific property of the other spouse (partial prenuptial agreement)
3. The spouse has no matrimonial right to any one of the other spouses property (one-sided completely exclusive prenuptial agreement)
4. The spouse has no matrimonial right to specific property of the other spouse (one-sided partial prenuptial agreement)
A prenuptial agreement can be made in case of a possible divorce and / or in case of the other spouse´s death.
A prenuptial agreement can also be made by you, but it is recommended to seek expert advice.
Legistum Attorneys Ltd drafts prenuptial agreements affordably and professionally. Please see our contact information, or order a prenuptial agreement directly from the home page by clicking the link.
If necessary, you can also get a prenuptial agreement translated into a foreign language as agreed. You can indicate the need for translation in the order form or contact us directly using the contact form.