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A prenuptial agreement is a contract between spouses before they get married. There are many factors to consider when deciding how to divide the property. These factors may include the nature of the relationship, the length of the marriage, and any children born during the marriage.

You can find a free prenuptial agreement easily at websites where legal forms and templates can be availed free of cost.

How does a prenuptial agreement function?

1. In order to have a prenuptial contract, both parties should understand what kind of assets each person owns. If you own property together, then it is best to discuss how the property would be divided if something happened to one of you.

2. Prenuptial agreements do not protect either party from being sued later on in life. If one spouse is injured, dies, becomes disabled, or goes bankrupt, the other spouse could still be held responsible for paying off debts he or she incurred while married.

3. Prenups are valid only in states where they are allowed. Most states allow them for divorces, annulments, and legal separations. However, some states require a court order in order to make them valid. Free prenuptial agreement template in New Hampshire can be availed online easily.

4. Prenups cannot prevent spousal abuse. Spouses who are physically abusing each other can still sign a prenup. Both parties need to agree to the terms of the agreement before signing.

5. Prenups can help save money. If one partner earns significantly less than the other, then a prenup can ensure that the lower earning partner receives at least half of their original share of the marital estate. If the two partners did not have a prenup, then the higher-earning spouse could end up receiving nothing.

6. Prenups do not cover everything. Even though a prenup can help avoid financial problems, it cannot stop issues from arising after the divorce. Issues that arise after the divorce, such as child custody or alimony, can still be decided by a judge.

7. Prenups are not always binding. Sometimes people decide to break up without having signed a prenup. If this happens, then the non-signing spouse is free to take action and sue the other party for his or her share of the marital assets.

Author Bio

Carl writes often about legal drafting and help.

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