Prenuptial Agreement California Family Code
Prenuptial agreements have become increasingly popular in recent years. They are contracts signed by couples before they get married, and they detail how assets and debts will be divided in the event of a divorce. In California, prenuptial agreements are governed by the family code, and it`s important to understand their role in family law.
Under California law, prenuptial agreements are contracts that must be entered into voluntarily and with informed consent of both parties. They must also be in writing and signed by both parties before the wedding takes place. A prenuptial agreement can cover a wide range of issues, including property division, spousal support, and inheritance rights.
In California, prenuptial agreements are especially important because it`s considered a community property state. This means that all assets acquired during the marriage are considered marital property, and each spouse is entitled to an equal share of those assets in the event of a divorce. Without a prenuptial agreement, a court would divide those assets equally.
With a prenuptial agreement, however, couples can agree on their own terms for dividing assets. For example, they could agree that each spouse will keep the assets they owned before the marriage, or that certain assets, such as a business, will remain with one spouse.
Prenuptial agreements can also address spousal support, or alimony. In California, spousal support is calculated based on the standard of living during the marriage, and the length of the marriage. With a prenuptial agreement, couples can agree on how much spousal support will be paid, and for how long.
It`s important to note that prenuptial agreements are not foolproof. A court can still set aside a prenuptial agreement in certain circumstances, such as if it was signed under duress, or if it`s grossly unfair. It`s also important to work with an experienced family law attorney when drafting a prenuptial agreement to ensure that it`s legally valid and enforceable.
In conclusion, a prenuptial agreement can be an important tool for couples in California to protect their assets and ensure a fair division of property. It`s important to understand the family code governing prenuptial agreements, and to work with an experienced attorney to draft an agreement that meets your needs and is legally valid.