Are you wondering what the steps on a prenuptial agreement are? If so, then this article is for you. Specifically, we’re going to talk about what happens if one of the parties to the prenup doesn’t sign it, what penalties are usually associated with a non-signing spouse, and what the implications are if a prenup isn’t signed at all.
By the time you’ve finished reading this article, you’ll understand whether or not it makes sense for you to enter into a prenup, and whether or not you should be concerned about signing one in the first place. The first steps on prenups involve understanding what they are.
The phrase ‘prenup’ refers to a legal agreement that ensures that your marriage will be kept intact when you decide it doesn’t. Typically, the agreement contains the names of both individuals involved, as well as their parents. It also includes a clause stating that any children of the bride or groom have will remain equally to both parties.
Of course, this clause is extremely important, because no one wants to see their child spend any time in the arms of another person or live in a house where one of the parents has a regular job. When you choose not to sign the prenup, one or both of the people involved may be held responsible for proceedings leading to a dissolution of the marriage.
In many states, one party will be responsible for spousal support, child support, and/or alimony payments, depending upon their ages and circumstances. Conversely, the person who has the prenup can be held responsible for virtually any financial obligation arising out of the marriage.
There are some reasons why one or both partners might decide not to enter into a prenup. Perhaps one or both spouses are dissatisfied with their current wage, or perhaps they want to buy a new home and have more options regarding their mortgage.
Maybe one of them has gotten a promotion and wants to retain his or her status. Or, perhaps one of the spouses feels that they were treated unfairly during the wedding process and would like an opportunity to be heard.
The reasons for not entering into prenups vary greatly, but they almost always have something to do with one, or both partners’ wages, housing situation, etc. Another reason that a couple chooses not to get into prenups is that they believe that the marriage is working fine, at least as far as their personal relationships are concerned.
They may feel that they have built a good foundation for their relationship and that divorce is not necessary. If one or both of the partners decides to remarry anyway, it could be possible that the prenup was in error.
There are many steps that can be taken on prenuptial agreement settlements, although one of the most important is never signing one up for marriage without first reading it. If in doubt about what you really want or expect, never sign anything without having read it carefully.
This protects each of you because if there is ever a misunderstanding, there will be no room for argument. Also, once the prenup is signed, both parties must agree to all of the steps stated within the document. If one of you doesn’t agree with a step, then the other must either bring up and elaborate the point with your partner, or you both must take the step in the future.
Many times, a prenup can be legally changed once the marriage has taken place, such as when one partner becomes pregnant. The prenup can be modified by mutual agreement if there are certain issues that have arisen that weren’t covered in the original agreement.
However, you must know that this is not mandatory. If you wish, you can also undo the prenup at any time, once you have become legally married. However, if you try to undo it while you are still legally wed, it’s likely you’ll get caught, and your spouse may be able to legally defend the prenup.
Whatever the case, be sure you understand what your prenup is and aren’t wavering on it. There is a difference between being legally married and having your name legally changed.
There are steps on prenuptial agreements you should follow, but ultimately, it is up to you and your partner as a couple to come to an agreement. Once you have gotten your paperwork, you can be sure that your marriage will be strong.