If the time comes to create a prenuptial agreement, it's only natural to have some concerns. Are you making the right decision? Will your soon-to-be spouse agree to this? What should you include and exclude? These are just a few of the many questions that will go through your mind.
Fortunately, when you take the right steps, you can create a prenuptial agreement that suits both individuals. Conversely, if you don't know what you're doing, it's possible that you could make a mistake that causes you trouble now or in the future.
Here are several of the most common prenuptial agreement mistakes:
-- Neglecting to meet legal formalities. Remember this: A prenuptial agreement is a legal contract. For this reason, there are things you need to do in order for it to be legal.
-- Forcing the other person to sign the prenuptial agreement. It's important to leave enough time to discuss the details of a prenuptial agreement, as an agreement made under duress is one that will not hold up in a court of law.
-- Child custody provisions. Generally speaking, you are not permitted to include provisions associated with child custody (or child support).
-- Chore requirements. Some people believe they can use a prenuptial agreement to outline chores to be completed by both individuals. This is not enforceable, so there is no point in including it.
These are just a few of the many prenuptial agreement mistakes that others before you have made. By taking your time and getting an attorney to review the document, you can avoid these mistakes, as well as many others.
Source: FindLaw, "7 Common Prenup Mistakes You'll Want to Avoid," accessed May 11, 2017