At The Cherry Law Firm, we understand that planning for a marriage involves various considerations, and one important aspect is protecting your financial future. Our experienced family law attorneys can provide guidance and support in drafting prenuptial agreements to help ensure a smooth and clear arrangement for both parties
PRENUPTIAL AGREEMENT OVERVIEW
Prenuptial agreements, also known as prenups or antenuptial/premarital agreements, are legal contracts entered into before marriage. These agreements set forth the terms regarding the division of assets, debts, and spousal support in the event of a divorce.
Prenuptial agreements serve multiple important purposes. They clarify financial rights and responsibilities during and after the marriage, protect premarital assets and family inheritances, and help reduce conflicts and costly litigation in case of divorce. Key elements of a prenuptial agreement include the full disclosure of assets, debts, and income by both parties, fair and reasonable provisions for both spouses, voluntary execution without coercion or duress, and being written and signed by both parties
DRAFTING A VALID PRENUPTIAL AGREEMENT
Creating a valid prenuptial agreement requires attention to detail and compliance with Georgia state laws. Our team of prenuptial agreement lawyers will assist you in the following steps:
-
Initial Consultation: During the initial consultation, we will discuss your goals and concerns related to the prenuptial agreement. This is an opportunity for you to share what you hope to achieve and any specific issues you may have. Additionally, we will review your financial situation and expectations to ensure that all relevant factors are considered from the outset.
-
Disclosure and Negotiation: Full and fair disclosure of all financial information by both parties is critical to drafting a valid prenuptial agreement. We will help ensure that all assets, debts, income, and other pertinent financial details are openly shared. Following this, we will facilitate negotiations to establish terms that are equitable and satisfactory to both parties, addressing key aspects such as asset division, debt responsibility, and spousal support.
-
Drafting the Agreement: Once the terms have been agreed upon, we will prepare a detailed and legally sound document. This draft will include provisions for the division of assets, allocation of debts, and stipulations regarding spousal support. Our goal is to create a comprehensive agreement that leaves no room for ambiguity and thoroughly addresses the needs of both parties.
-
Review and Finalization: After drafting the initial agreement, it is crucial to review the document carefully. We will go over each provision with you to ensure accuracy and completeness. Any necessary adjustments will be made based on your feedback before the agreement is finalized and signed. This thorough review process helps ensure that the final agreement is fair, enforceable, and aligns with both parties' intentions.
ENFORCEABILITY OF PRENUPTIAL AGREEMENTS
For a prenuptial agreement to be enforceable, it must meet certain legal standards:
-
Voluntariness. The agreement must be entered into freely by both parties. Coercion, fraud, or undue influence can invalidate the agreement.
-
Fairness and Full Disclosure. Both parties must fully disclose their financial situations. The terms must be fair and reasonable at the time of signing and enforcement.
-
Legal Representation. Each party should have independent legal counsel. This ensures understanding and protection of individual rights.
Our prenup law experts can ensure that your prenuptial agreement is enforceable.
MODIFYING OR VOIDING PRENUPTIAL AGREEMENTS
Changes in circumstances may necessitate modifications to the original agreement. Our attorneys can guide you through this process by assisting with amendments and addressing challenges to the agreement. Amendments require mutual consent to modify terms, and we will help you prepare and sign an amendment to the original agreement. Additionally, there may be grounds for voiding a prenuptial agreement, such as lack of disclosure, coercion, or unfair terms. In such cases, we can assist with legal proceedings to determine the enforceability of the agreement.
SCHEDULE A CONSULTATION
We invite you to schedule a consultation with our experienced family lawyers to discuss your prenuptial agreement needs. Protect your interests and start your marriage with clarity and peace of mind. If you are in the greater Atlanta area and have found yourself searching for a “prenuptial lawyer near me”, call the Cherry Law Firm today.