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htic
04-06-2005, 06:28 PM
Folks,

I am planning to marry with my girlfriend soon, and one of my
friends suggests me to prepare a prenuptial agreement to protect my
assests, will that be helpfull? How about my girlfriend declines to
sign it with me?

Thanks,
Felix

htm
04-06-2005, 08:00 PM
As you know, A prenuptial agreement, similar to a car policy - is a binding agreement entered into prior to the marriage between between the parties. It set forth what will happen to their income and assets in the event the marriage ends in death, divorce, or separation.

In the past, prenuptial agreements were often favored by individuals who were marrying for the second time, and had assets from a previous marriage which they wanted to preserve for their children from that marriage. Thus, the couples were typically older and had a significant amount of assets.
Now the situations are changing, many first-time couples sign such agreements before entering a wedlock.

Doesn't a prenuptial agreement mean the parties don't trust each other?
Maybe, but a prenuptial agreement usually is grounded in realism rather than a lack of trust. Trust me or not, any marriage without considerign social status among others factors does not exist virtually in the globe - at least this one

How does a judge decide whether to uphold the prenuptial agreement?
A judge may conduct a trial on the issue, or may read sworn statements concerning the agreement. Decisions are based on which side the judge believes, as well as a consideration of the law. So if a prenuptial agreement has conflicts with any applied laws, then nope you assets or any other valuables can be protected by such agreement - so hire a lawyer with such expertise is a must

Cindy

elklaw
06-02-2005, 07:01 AM
Go to http://www.uslegalforms.com/enter.cgi?elklaw
Click 'premarital agreements' under special forms, then it goes to a page with states and click on California, then you are at a page with forms and click on form to see or scroll down to see CA law.
California

CALIFORNIA FAMILY CODE
PART 5. MARITAL AGREEMENTS
CHAPTER 1. GENERAL PROVISIONS
Fam. The property rights of husband and wife prescribed by statute may be altered by a premarital agreement or other marital property agreement. §1500

Fam. A minor may make a valid premarital agreement or other marital property agreement if the minor is emancipated or is otherwise capable of contracting marriage. §1501

Fam. (a) A premarital agreement or other marital property agreement that is executed and acknowledged or proved in the manner that a grant of real property is required to be executed and acknowledged or proved may be recorded in the office of the recorder
of each county in which real property affected by the agreement is situated.
(b) Recording or nonrecording of a premarital agreement or other marital property agreement has the same effect as recording or nonrecording of a grant of real property. §1502

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Fam. Nothing in this chapter affects the validity or effect of premarital agreements made before January 1, 1986, and the validity and effect of those agreements shall continue to be determined by the law applicable to the agreements before January 1, 1986. §1503
Article 1. Preliminary Provisions

Fam. This chapter may be cited as the Uniform Premarital Agreement Act. §1600

Fam. This chapter is effective on and after January 1, 1986, and applies to any premarital agreement executed on or after that date. §1601

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Article 2. Premarital Agreements
Fam. As used in this chapter:
(a) "Premarital agreement" means an agreement between prospective spouses made in contemplation of marriage and to be effective upon marriage.
(b) "Property" means an interest, present or future, legal or equitable, vested or contingent, in real or personal property, including income and earnings. §1610

Fam. A premarital agreement shall be in writing and signed by both parties. It is enforceable without consideration. §1611

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Fam. (a) Parties to a premarital agreement may contract with respect to all of the following:
(1) The rights and obligations of each of the parties in any of the property of either or both of them whenever and wherever acquired or located.
(2) The right to buy, sell, use, transfer, exchange, abandon, lease, consume, expend, assign, create a security interest in, mortgage, encumber, dispose of, or otherwise manage and control property.
(3) The disposition of property upon separation, marital dissolution, death, or the occurrence or nonoccurrence of any other event.
(4) The making of a will, trust, or other arrangement to carry out the provisions of the agreement.
(5) The ownership rights in and disposition of the death benefit from a life insurance policy.
(6) The choice of law governing the construction of the agreement.
(7) Any other matter, including their personal rights and obligations, not in violation of public policy or a statute imposing a criminal penalty.
(b) The right of a child to support may not be adversely affected by a premarital agreement.

(c) Any provision in a premarital agreement regarding spousal support, including, but not limited to, a waiver of it, is not enforceable if the party against whom enforcement of the spousal support provision is sought was not represented by independent counsel at the time the agreement containing the provision was signed, or if the provision regarding spousal support is unconscionable at the time of enforcement. An otherwise unenforceable provision in a premarital agreement regarding spousal support may not become enforceable solely because the party against whom enforcement is sought was represented by independent counsel. §1612

Fam. A premarital agreement becomes effective upon marriage. §1613

Fam. After marriage, a premarital agreement may be amended or revoked only by a written agreement signed by the parties. The amended agreement or the revocation is enforceable without consideration. §1614

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Fam. (a) A premarital agreement is not enforceable if the party against whom enforcement is sought proves either of the following:

(1) That party did not execute the agreement voluntarily.
(2) The agreement was unconscionable when it was executed and, before execution of the agreement, all of the following applied to that party:
(A) That party was not provided a fair, reasonable, and full disclosure of the property or financial obligations of the other party.
(B) That party did not voluntarily and expressly waive, in writing, any right to disclosure of the property or financial obligations of the other party beyond the disclosure provided.
(C) That party did not have, or reasonably could not have had, an adequate knowledge of the property or financial obligations of the other party.
(b) An issue of unconscionability of a premarital agreement shall be decided by the court as a matter of law.
(c) For the purposes of subdivision (a), it shall be deemed that a premarital agreement was not executed voluntarily unless the court finds in writing or on the record all of the following:
(1) The party against whom enforcement is sought was represented by independent legal counsel at the time of signing the agreement or, after being advised to seek independent legal counsel, expressly waived, in a separate writing, representation by independent legal counsel.
(2) The party against whom enforcement is sought had not less than seven calendar days between the time that party was first presented with the agreement and advised to seek independent legal counsel and the time the agreement was signed.
(3) The party against whom enforcement is sought, if unrepresented by legal counsel, was fully informed of the terms and basic effect of the agreement as well as the rights and obligations he or she was giving up by signing the agreement, and was proficient in the language in which the explanation of the party's rights was conducted and in which the agreement was written. The explanation of the rights and obligations relinquished shall be memorialized in writing and delivered to the party prior to signing the agreement. The unrepresented party shall, on or before the signing of the premarital agreement, execute a document declaring that he or she received the information required by this paragraph and indicating who provided that information.
(4) The agreement and the writings executed pursuant to paragraphs (1) and (3) were not executed under duress, fraud, or undue influence, and the parties did not lack capacity to enter into the agreement.
(5) Any other factors the court deems relevant. §1615

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Fam. If a marriage is determined to be void, an agreement that would otherwise have been a premarital agreement is enforceable only to the extent necessary to avoid an inequitable result. §1616
Fam. Any statute of limitations applicable to an action asserting a claim for relief under a premarital agreement is tolled during the marriage of the parties to the agreement. However, equitable defenses limiting the time for enforcement, including laches and estoppel, are available to either party. §1617


Advantages of premarital agreements for both parties:

Avoiding Litigation Costs
Protecting against Fears of Family Members
Protecting Family Assets
Protecting Business Assets
Protection Against Creditors
Child Custody and Support Guidlines
Predetermined Disposition of Property

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