Located at 90 State Street in Albany, NY, Kahn and Richardson a valuable resource for people seeking a prenuptial agreement attorney. Individuals who are contemplating marriage have the right to decide, in advance, how their assets and liabilities, along with other legal rights, shall be determined in the event of a divorce or upon the death of one of the spouses.
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The usual purpose of a prenuptial agreement is to preserve prospective spouses’ individual assets. This includes the property that each person owns before the marriage, and that obtained during the marriage by gift from others, by inheritance, or as compensation for personal injuries. Separate property, with some exceptions, is not subject to distribution between spouses upon a divorce.
Some of the issues covered by prenuptial agreements include:
Prenuptial agreements must be signed with certain legal formalities to be enforceable. They should also be the product of sincere negotiations between the individuals, and after a full disclosure of each party’s financial circumstances. Each individual should also be represented by his or her own attorney.
A prenuptial agreement should be signed in advance of the wedding date, so both parties have more than enough opportunity to give careful consideration to, and fully understand and appreciate the rights and obligations created by the prenuptial agreement.
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