A premarital agreement is a contract between persons intending to marry. It determines spousal rights when the marriage ends by death or dissolution. All states enforce properly made premarital agreements. However, laws governing validity vary among the states. What if a couple signs a premarital agreement in Virginia and later moves to Maryland? Will a […]
“My daughter is getting married. Does she need a premarital agreement?” Estate planning attorneys hear this question more and more frequently – generally from clients concerned about the assets they plan to leave their children. Numerous wealth transfer predictions estimate that trillions of dollars will pass over the next decade from a generation that earned […]
Premarital agreements get a bad rap for being anti-romantic, anti-relationship and getting a marriage off to a bad start. If they are done right, nothing could be further from the truth. The Collaborative Process has gained traction in the last decade as a respectful way for couples to settle their divorce issues outside of court. […]
Alternative dispute resolution embraces a variety of processes designed to resolve legal disputes outside of a formal court proceeding. One such option is binding arbitration. In binding arbitration a neutral decision-maker, who could be a retired judge or a lawyer with expertise in the subject matter of the dispute, is appointed make a decision to […]
A premarital agreement is a contract between prospective spouses that defines each spouse’s property rights and obligations in the event of death or dissolution. A postmarital agreement is a contract between spouses who have no immediate plans to divorce and can do the same things that a premarital agreement can do. Some agreements require a […]
This article was originally published in the American Bar Association’s Family Advocate, Vol. 38, No. 2, (Fall 2015) p. 10-13, and is reprinted here with permission. PDF available here. Adequate financial disclosure is essential to a valid and enforceable premarital agreement. When one party is the beneficiary of a third-party trust or the settlor of his or her own trust, […]
A premarital agreement is a legally binding contract between two people who intend to marry that determines the property rights of the surviving spouse upon the death of the first spouse and that may also determine property and support rights if the marriage ends in divorce. Not so long ago the typical person considering a premarital […]
Some people planning to marry want to enter into a premarital agreement. A business owner may have particular concerns that may cause him or her to consider a premarital agreement. There are a variety of issues the lawyer for the business owner needs to pay special attention to. Why a business owner may seek a premarital agreement. A business owner may want a […]
