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THE NEW TAX LAW: WHAT YOU SHOULD KNOW AND CONSIDERATIONS FOR DRAFTING SEPARATION AND PRENUPTIAL AGREEMENTS MALE April 9, 2018, J O N AT H A N F I E L D S FIELDS AND DENNIS LLP 80 WILLIAM STREET STE
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How to fill out prenuptial agreements and form
How to fill out prenuptial agreements and form
01
Discuss with your partner the need for a prenuptial agreement.
02
Consult with a family law attorney who specializes in prenuptial agreements.
03
Identify and disclose all assets and debts of both parties.
04
Determine how you want to divide assets and debts in case of divorce or death.
05
Consult with a financial advisor to understand the tax implications and long-term financial consequences of the agreement.
06
Draft the prenuptial agreement, including all necessary legal language and provisions.
07
Have both parties review and understand the terms of the agreement.
08
Sign the agreement in front of a notary public to make it legally binding.
09
Keep a copy of the signed agreement in a safe place for future reference.
Who needs prenuptial agreements and form?
01
Individuals with significant assets, such as real estate, investments, or business interests, may want to protect their property in case of divorce.
02
Individuals with children from previous relationships may want to ensure that their assets are passed on to their children.
03
Individuals who are entering into a marriage where there is a significant disparity in income or earning potential may want to protect their financial interests.
04
Individuals who want to clarify financial rights and responsibilities during the marriage.
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