Re: prenuptial agreement

In general, a person can protect their assets with a prenuptial agreement, provided that the agreement clearly was the product of informed agreement. By this I mean that the terms of the agreement are not a boilerplate form but specific to the individual's needs, both parties have disclosed all their assets and liabilities and, also important, each party has been advised of the rights they are giving up by signing the agreement - preferrably both have been independently advised by counsel.

I wish you the best.

Ilene Young

Civil and Family Practice

215 348-5448

NOTICE

As you are not a client of our firm, discussion of the above topic is provided for informational purposes only and does not constitute legal advice. Applicability of the legal principles discussed may differ substantially in individual situations, different counties, or in different states. If you have a specific concern or legal problem, do not rely on these materials. Be sure to seek the advice of an attorney about your particular situation and facts.

Re: prenuptial agreement

You can of course have a prenuptial agreement drafted which will protect any assets that the agreement provides will be protected.

Feel free to call or E-mail me on a free initial basis.

Re: prenuptial agreement

The general rule is that a new spouse has no obligation to pay the obligations of support. However, your assets and income can be considered by the court to modify the support off of guidelines if there is a substantial disparity in Living Standard. For example, Mother and child live in 1 Bedroom apt. she makes $1,000 a month. Father makes $2,000 a month and new wife make $3,000 a month and owns a 5 bedroom home. The court could order the father to pay more than guidelines so that the parties lviving standard is not disparate. The limitation would be 50% of the father's income. A prenuptial agreement might be of use. A couple of useful tips. Get it done early. Agreements tend to get tossed when they are completed close to the wedding date. Have him also get a lawyer to review and explain what's in the agreement. I offer free consultations.