Prenuptial Agreements Missouri
By : Nicole -
The use of a marriage agreement is a personal decision. Marriage is an economic and emotional partnership. The cost of a matrimonial agreement depends on the nature, amount and complexity of the assets and debt involved, as well as the extent of the negotiation and design process. It is not uncommon for agreements to deal with issues such as dependency insurance, the doctrine of needs, issues of income, inheritance and gift taxes, and legal obligations under immigration legislation. Fees that may include fees for qualified lawyers, accountants and evaluators can range from $2500 to thousands of dollars anywhere. But a well-crafted deal is worth every penny. Marriage and post contracts are two types of contracts that can be entered into, either before or after a marriage, that determine the rights of each party in the event of divorce or death of the other party. Now that you understand the importance of marriage contracts, why not consider whether they are for you and your future spouse? Financial issues are not always easy to discuss in the honeymoon period of your relationship, but it is wise to decide now before things get out of hand. But don`t leave it to chance; Talk to an experienced family lawyer in Missouri today. A marital agreement, also known as an antenuptial or pre-marital contract, is a pre-marriage contract that defines each spouse`s rights in the event of divorce or death.
The main advantage of a matrimonial agreement is that it avoids litigation, since you and your spouse have already reached an agreement on how to distribute your assets when your marriage ends. In the absence of a marital settlement, Missouri`s divorce laws will determine how your assets will be distributed, which can lead to a lengthy legal battle. In a Missouri court case, a marriage contract must meet two main requirements to be enforceable. First, you and your future spouse must conclude the agreement “free, fair, voluntary, understanding, in good faith and in full transparency.” Second, the agreement must be “acceptable.” Unlike many states, Missouri has not adopted the Prenuptial Agreement Act (UPAA). On the contrary, the applicability of marriage contracts in Missouri is governed by law and jurisprudence. As a general rule, a marriage agreement must be written and signed by you and your future spouse to be enforceable. In Missouri, a marriage agreement is enforced if the parties are free, fair, knowingly and with full disclosure, and the agreement is not unacceptable.