A prenuptial agreement (also known as a “prenup”) is a written contract created by two people before they are married. A prenup typically lists all of the property each person owns prior to a marriage as well as any debts. It also specifies that each person’s property rights will be after the marriage if there is a divorce. These contracts are also sometimes called premarital agreements or ante-nuptial agreements.
Prenups are often used to:
Additionally, spousal support (in the event of separation or divorce) may be waived under the terms of a prenuptial agreement; however, under North Carolina law, state courts will ignore a spousal support waiver in a prenuptial agreement if the court believes that the agreement was unfair to the spouse who waived his or her right to spousal support.
Prenuptial agreements are not just for the rich. While they are often used to protect the assets of the wealthy, couples of more modest means are increasingly turning to them for their own purposes. If you do not make a prenuptial agreement, state laws will determine who owns the property that you acquire during your marriage, as well as what happens to that property at divorce or death. In the absence of a prenup stating otherwise, a spouse usually has the right to:
Prenups can help protect both parties and their loved ones in the event of a divorce or death. If you are considering a prenup or have been asked to sign a prenup, be sure to consult with an attorney. An experienced family law attorney can help make sure you understand all of your rights and options. To learn more about prenuptial agreements or to schedule a confidential consultation, contact the family law attorneys at McNeil Law Firm today at (919) 803-6778.
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