In Pennsylvania, prenuptial agreements are started to secure certain assets and prevent spouses from obtaining larger awards in a divorce case. The agreements are reviewed and signed before the couple becomes married. A prenuptial agreement attorney in Stroudsburg, PA assists spouses with the creation of the contract.
Agreements About Assets
A prenuptial agreement defines how all assets are divided if a divorce occurs. The arrangements entitle the spouse to a percentage of existing assets as well as any wealth accumulated during the marriage. However, if either party is already wealthy, the prenuptial agreement prevents their spouse from seizing a large portion in a divorce case.
Children Produced During the Marriage
Child custody and support are established in the prenuptial agreement, too. It defines which parent is the custodial parent and what child support rate is available. Typically, the agreements outline the rate of pay according to the total number of children produced. In some cases, the spouse receives a lump sum payment based on the gender of the children.
Alimony and Support
Alimony and support are also defined in the agreement. The plan determines how much alimony the individual receives based on how the marriage ends. For example, if a spouse is guilty of adultery, it is possible for the opposing spouse to have to pay a larger value. The agreement also defines how long the spouse must pay alimony.
Violations of the Agreement
Common violations of the agreement include a failure to pay support payments as listed in the agreement. Some violations are related to the divorce grounds and could lead to further penalties. For example, a cheating spouse may not receive any of the marital assets if their spouse can prove that they had an affair.
In Pennsylvania, couples who have considerable wealth need an agreement to protect their assets. The agreements also provide a spouse with certain entitlements according to how long the marriage lasts. Children and child support are managed in the agreement as well as additional parenting time for each parent. The agreement may also include terms for an inheritance for the children. Couples who want to take a few extra steps in protecting themselves should contact a prenuptial agreement attorney in Stroudsburg, PA or click here.
