Public opinion about prenuptial agreements has been shifting in the last several decades. Prenuptial agreements are becoming increasingly popular among younger generations. While there is still a significant amount of misinformation circulating about prenuptial agreements, more and more people are realizing the benefits of creating a “prenup.” If you are thinking about signing a prenuptial agreement before getting married, it is essential that you understand the standards these documents must meet. Mistakes made during the creation or signing of a prenuptial agreement may invalidate part or all of the contract.
Inaccurate or Incomplete Financial Disclosure
A prenuptial agreement can address many important issues that will arise if the couple divorces or if a spouse passes away. Property and debt division, spousal maintenance or alimony, and other financial issues may be decided upon in advance through a prenuptial agreement. In order for an engaged couple to reach an agreement about the terms of the prenuptial agreement, both spouses must provide a full inventory of their assets, debts, and income. If a spouse forgets to include important financial information or lies about finances, the agreements made in the prenup will be based on inaccurate information. This means that the document may be invalid and will not be accepted by the court.
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