According to the law, the modification and revocation of the pension plan after marriage is only possible if both parties agree in writing to such a change. Here too, a modified prenup becomes applicable without taking into account, once all the conditions have been met. This concludes the peculiarities of marriage contracts in Arizona. If you have any questions, contact experienced family lawyers in Arizona. Part of the discussion about the content of a marriage contract should include how the debt should be handled. With or without a marriage contract, the pre-marriage debt remains the exclusive and separate property of the party that, under Arizona law, consists of that debt. However, the marriage contract should verify whether debts incurred during the marriage are treated as a joint or collective debt or whether they are the only separate property of the spouse who incurs such debts. Arizona marriage contracts can also establish responsibilities during marriage. Some agreements define the budgetary and financial obligations of each spouse, whether there will be children and how the children will be educated. For example, you may have an ancient and valuable weapon that has been passed on and is your separate property. Guess what could happen in the event of a divorce? I have seen people make up stories and say that the gun was bought during the wedding or was a gift for both spouses. Thanks to a marriage contract that clearly identifies your separate property, you can easily identify what belongs to you.
In exchange, in the event of a divorce, you will save a lot of time and perhaps a lot of attorney`s fees. Protect your belongings. If you are a property owner, a marriage contract can determine what is in your marriage and what is not. Owners or partners of a business, non-profit organization or business should keep in mind that your spouse can claim more than half of the added value of your business. Generally speaking, a marriage contract of each party confirms its own activity without the interest being reasonable. This simplifies the issue and limits the arguments of creative lawyers in a later divorce situation. However, the non-professional spouse may want to insist on being put on the payroll list and being paid for accounting, sending letters or other services provided. In some cases, the parties want a specific agreement on how much money each spouse must pay each month into the account or the percentage in which each party must contribute.
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