Pennsylvania Marriage Agreement

The purpose of a marriage agreement is defined by the client. There are no two marital agreements, but there are commonalities between them. Parties must disclose their assets, liabilities and income. This is done in part by ancillary items such as copies of tax returns and an inventory of each party`s assets and liabilities. Some people simply use the agreement to concretely indicate what their non-marital assets are and that these assets do not remain marital. Some determine which assets are considered marital assets relative to non-marital assets, and then leave to define the percentage of distribution in the event of divorce or death. When a client has children from a previous or adopted relationship, it is often important that these children receive a portion of the marital property after their death. Individuals may also want to include the amount and/or duration of the duration of support or, if they differ, that neither party will seek spousal support or assistance. Others choose to include the language that each party pays its own legal fees in the event of a divorce or that one party pays a specified amount of legal fees for the other party.

A couple may accept the amount, duration and method of payment of the guarantee, but the agreement may be amended by the court. Most people have heard ferocious stories about marital arrangements in celebrity marriages, where the rich and famous have imposed marriage contracts on their future spouses to prevent property from being divided into future divorces. While prenups have become more frequent and accepted, many people are not familiar with many post-uptial contracts that are private marriage contracts between spouses during marriage, rather than before. Expect a simple process. Unlike many areas of the law, the process of marital unification is fairly straight, but there are always emotions at stake. What usually happens is that one of the people will meet with a family lawyer who will provide options and ideas based on what the client is trying to accomplish. The lawyer will then provide legal assistance and develop a proposed contract in accordance with Pennsylvania law. After the marriage agreement is drawn up, the lawyer will meet with the client to explain this point and discuss the desired changes. Once the Prenup is ready, a project is sent to the other party or its lawyer if they are represented. Often, the other fiancé asked for revisions.

There are routine discussions and negotiations before a final agreement is reached and implemented. Anyone with questions about pros and cons or legal issues related to post-nupes should speak to a lawyer. In any case, it is important to check a lawyer for any type of marital arrangement submitted by a partner for examination before signing, especially when it is unexpected or the other spouse is pushing to sign. In Pennsylvania, pre-marital agreements are presumed to be valid unless one of the parties can prove that it has not been fully and fairly disclosed. For example, one of the parties may have deliberately failed to disclose that it owned shares worth $500,000 to conceal that asset.