Thousands of attorneys who specialize in matrimonial law handle prenups. Both you and your future spouse must come clean about all your finances, including assets, income and debts. Two or three months before the wedding date is ideal. Be sure your prenup includes an agreement to file the waiver.
If you don’t know one, ask for recommendations from friends, family members or the attorney who drew up your will. (IRA proceeds always go to your named beneficiary, regardless of what’s in a prenup or will.) 5.
If you’re planning to get married in midlife, whether it’ll be your first marriage or your fourth, there’s a good chance you’ll want to have a prenuptial agreement.
You’ve likely accumulated some wealth in a 401(k) retirement plan and IRAs, probably own a home and might even run a business.
The series starts on September 5, 2017 and concludes on November 7, 2017.
The trainings will be hosted in three different locations during the three month period and will be broadcast through Bluejeans videoconferencing to all three participating sites.
It can even determine who’ll get custody of your Labrador retriever.
What Can Happen Without a Prenup Without a prenup, if you divorce, you can be legally required to divide the property you brought into the marriage in a manner that doesn’t suit you.
“In my case,” Quinn noted, “my kids raised a good question that I hadn’t considered.” If Jane Bryant Quinn doesn’t think of everything, there’s a pretty good chance you won’t either.
And a prenup is just one of the legal documents that seal the deal.
Here are five rules I recommend for an iron-clad agreement: 1. This will ensure that you each have an advocate in your corner. You usually need two witnesses and must sign the prenup well in advance of the marriage so neither partner can say it was done under duress. If you want your kids to receive your 401(k) or pension when you die, your spouse will need to turn over his or her rights to the money by filing a waiver with the plan trustee after your wedding.
If you have adult children, talk with them about the prenup before you sign it.
“Kids have a funny way of thinking that their parents’ money is already theirs and can’t help feeling suspicious about a new spouse horning in,” personal finance columnist Jane Bryant Quinn wrote in an article about her own recent prenup.The KCHC will focus its fall meetings on training stakeholders and community members on the basics of Motivational Interviewing and how to utilize it to improve health.