Pre Nuptial Agreements Part 2

Published: Mon, 05/09/11



What Is a Pre Nuptial Agreement?

Familiarize yourself with the law

   - Uniform Premarital Agreement Act has been adopted by most states and governs a prenuptial agreement between prospective spouses contemplating marriage.

   - Effective upon marriage

   - If the state you live in does not have statutory authority, make sure you are informed of relevant case law governing drafting, negotiations, and execution of such agreements

   - Notify clients that ask to make a prenuptial agreement in violation of case law, statutory law, or public policy

 

 

The Prenuptial Process 

   - At the initial meeting, educate the client about his or her rights with and without an agreement and the pros and cons of various provisions in an agreement 

   - Advise client of the limitations of the agreement

   - Consult other attorneys, such as an estate attorney, if things of those nature are involved

   - Encourage clients to discuss each and every provision with you after each draft

 

 

Document, Document, Document

   - For liability purposes, the importance of thorough documentation during the prenuptial process cannot be overstated. 

   - Advise clients when hired that the file may ultimately become discoverable if a lawsuit to invalidate the agreement is filed

   - Agreement should contain a choice of law clause addressing which state law is to be followed, irrespective of the clients residence when a dissolution action is initiated

 

 

Financial Misrepresentations 

   - There is no such thing as too much financial disclosure

   - Exhange more, rather then less, to avoid an allegation of financial fraud

   - Discuss with your client the idea of including a confidentiality provision in the agreement to protect against the disemination of sensitive information to third parties

 

 

Consider Withdrawing

   - If it is apparent that a client is under duress, consider withdrawing

   - If your client has been advised by her soon-to-be spouse that without an executed agreement the wedding will not take place, that the child will be born out of wedlock, or that out-of-town family and friends who have arrived for the wedding will be turned away, contemplate withdrawing. 

   - Notify opposing counsel in writing of the apparent duress and provide suggestions on how to overcome the problem

   - Advise your client if an agreemetn is patently unfair and adverse to his or her interests

   - If you do not receive adequate financial disclosure from the financially able party, notify your client in writing as to why additional disclosure is necessary

 

 

Can I Close the File?

   - Do not expose yourself to a possible malpractice claim by failing to follow up on outstanding issues

   - Advise the client to follow through with the execution of obligations created by the prenuptial agreement after the parties have married




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Davis & Davis Attorneys at Law
107 East Main Street, Uniontown, PA 15401
724-437-2799
www.davisanddavislaw.com