What is a premarital agreement?

A premarital agreement, also known as a prenup, is a legal agreement between two people who are about to get married. The agreement typically covers how assets, debt, and other property will be divided in the event of a divorce or death. In Washington, premarital agreements are regulated by the state’s Uniform Premarital Agreement Act (UPAA) and can generally be enforced if certain conditions are met. The UPAA requires that both parties must enter into the premarital agreement voluntarily, that they must exchange disclosure of all assets and liabilities, and that they must use lawyers to review the agreement. The agreement must also be in writing and signed by both parties. Additionally, premarital agreements in Washington can address a range of topics, such as spousal support, division of assets and debts, wills, trusts, and inheritance rights. However, agreements that are too extreme may be deemed invalid. For example, a premarital agreement cannot limit the amount of spousal support a court may order or interfere with the rights of a child in a divorce. Premarital agreements can be a great tool for couples who want to plan for their future and protect their individual assets in the event of a divorce. However, it is important to understand the rules and regulations around premarital agreements before signing one. It is recommended that both parties seek legal counsel to ensure that the agreement is fair and valid.

Related FAQs

How do I file for a guardianship?
What is joint legal custody?
What is an annulment?
What is a parenting plan evaluation?
What is a domestic violence restraining order?
How do I file for a divorce?
How do I enforce a court order?
What is a domestic violence restraining order?
What should I consider when choosing a family law attorney?
What is an interlocutory divorce?

What is a premarital agreement?

Related FAQs

Related Blog Posts