Los Angeles, California, Prenuptial/Premarital Agreement Lawyer
Why is a prenuptial/premarital agreement necessary? Marriage is supposed to be forever, isn't it? The unfortunate reality is that more than 50 percent of marriages in California end in divorce. California is a community property state. In the event of divorce, the judge will order an equitable distribution of property. Without a prenuptial/premarital agreement in place, your personal assets that were part of your financial holdings prior to the marriage could be included in the distribution.
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California Certified Family Law Specialist
Feinberg & Waller, APC, has been helping people draft prenuptial agreements in Southern California for many years. Our lead Calabasas attorney, Marshall Waller, is a Certified Family Law Specialist with an AV* rating from Martindale-Hubbell. He leads our team of divorce litigators who know what makes a premarital agreement such an effective legal tool.
We have the experience and skill to draft solid premarital agreements. A valid prenuptial agreement:
- Should be drafted and signed well in advance of the date of marriage
- Should include detailed descriptions of specific property assets and financial holdings and earnings derived from those holdings
- Be drafted and signed by both parties individually, each having their own legal counsel
- Should include a termination date, when specific provisions no longer will be in effect
- Should never be drafted or signed under any duress or pressure by either party
- Should include detailed language specific to the parties' interests
- May include many other provisions, as well
Make Sure Your Financial Interests Are Protected
It is important to protect the personal assets you possessed prior to your marriage. A prenuptial/premarital agreement can help protect your:
- Investments and bank accounts
- Pension, 401(k)
- Professional practice
- Personal property and any other financial assets
Prenuptial/Premarital Agreements: An Overview
Premarital agreements, also called prenuptial or antenuptial agreements, are contracts between two people who intend to marry each other. These agreements usually address issues relating to the parties' property and income during the marriage, after the marriage (if it ends in divorce) and after the death of one or both spouses. Premarital agreements can also address nonfinancial issues, such as the religious upbringing of the parties' children. The issue of child support in the event of the parties' divorce cannot, however, be resolved by a premarital agreement. Also, a court generally will not enforce insignificant nonfinancial details in a premarital agreement.
Couples who have been married previously tend to enter premarital agreements more often than couples entering their first marriage. They are also commonly used when one person brings significantly greater financial assets into the marriage. Often, a premarital agreement is used as a vehicle by which the spouses can ensure that their children from a previous marriage receive a substantial portion of their parent's assets upon death or divorce.
A premarital agreement may be unenforceable or voidable if either party has withheld important financial information or coerced the other party into signing the agreement, or if the terms are so unjust that, if put into effect, one party would be left with very little. Before entering into the agreement, both parties must fully disclose their assets, income and liabilities to the other, and they must enter into the agreement in good faith. In order to ensure that a premarital agreement will be enforceable, it is advisable for both future spouses to be represented by separate counsel, who can advise them on their rights and responsibilities. In fact, some states' laws require that each party be represented by a separate attorney in order for a premarital agreement to be valid.
State statutes on premarital agreements may vary slightly, although many states have adopted a version of the Uniform Premarital Agreement Act. It is important when entering into a premarital agreement to make sure that the contract terms comply with the applicable statutes. A lawyer may help in that regard. If the agreement is in compliance, it will be enforceable and, if contested by one spouse, upheld by the court. Courts will not uphold premarital agreements, however, if they violate public policy, such as by promoting divorce. If, for instance, an agreement provides that one spouse will receive better financial treatment after divorce than he or she does during the marriage, the court may determine that the agreement encourages divorce and disregards public policy favoring marriage. If that is the case, the court may refuse to enforce the agreement's terms.
Premarital agreements differ from separation agreements. Separation agreements are entered into after marriage, and describe the conditions that apply to the parties' separation. Whereas separation agreements are often entered into in contemplation of divorce, premarital agreements are entered into in contemplation of marriage. In addition, courts, in some situations, may enforce postmarital, or postnuptial, agreements, which are usually subject to many of the same requirements as premarital agreements.
Call For An Initial Consultation
If you would like to learn more about prenuptial agreements and what we can do to help protect your interests, call 800-655-4766 to schedule an initial consultation.
*AV®, AV Preeminent®, Martindale-Hubbell Distinguished and Martindale-Hubbell Notable are certification marks used under license in accordance with the Martindale-Hubbell certification procedures, standards and policies. Martindale-Hubbell® is the facilitator of a peer-review rating process. Ratings reflect the anonymous opinions of members of the bar and the judiciary. Martindale-Hubbell® Peer Review Ratings™ fall into two categories - legal ability and general ethical standards.
**The initial consultation is free to clients who retain Feinberg & Waller, APC. A significantly reduced flat fee is charged for the initial consultation. That fee is credited back to the client upon retention, thus resulting in no charge for the meeting. In the event the initial consultation fails to result in the retention of Feinberg & Waller, APC, the potential client nonetheless receives the consultation services at the significantly reduced fee.