Wyoming prenuptial agreement is an official contract that a lawyer draws up, laying out how money and property will be divided in case of divorce. It may also include provisions for spousal support (alimony), child custody, visitation rights, and other issues that might arise during a divorce.
Who Should Get a Wyoming Prenuptial Agreement?
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One or both spouses have debt from prior relationships.
A Prenuptial agreement would be beneficial if one or both spouses have debt from prior relationships. This can include student loans, credit card debt, and car loans. The couple's assets will be divided and protected before they get married, so if one spouse passes away or divorces, the other spouse won't be responsible for their partner's debts.
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Both spouses have a property to bring into the marriage.
If you are marrying someone with property, such as a house or car, and want that property to remain yours after your marriage ends, it's important to get a prenup. This will ensure that whatever you put into the wedding remains yours if things don't work out between you and your spouse.
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Because one spouse is much richer or poorer than the other.
Prenuptial agreements are also helpful when one spouse has significantly more money than the other. By having a contract that dictates how assets will be divided in case of divorce or death, you can protect yourself and your family from financial hardship after your partner passes away.
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Both spouses have already married before.
If either party has been married before, they may want to protect their assets from being used to pay alimony or spousal support. A prenuptial agreement is a good way to do this because it shows how assets will be divided if the marriage ends. It also helps avoid messy divorce proceedings.
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Both partners have early marriage children.
If one or both of you have children from prior relationships, it's important to ensure they are taken care of financially if their parents split up. A Wyoming prenuptial agreement can ensure that your children will receive their fair share of inheritance and alimony payments if you divorce later.
What Issues Can a Wyoming Prenuptial Agreement Cover?
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Rights and obligations
A Wyoming prenuptial agreement can define the rights and obligations of both parties during the marriage as well as after a divorce. This includes how property is divided, what spousal support will be paid if there is a divorce, and any other issues related to the rights of each person in the relationship.
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Disposition of property
A Wyoming prenuptial agreement can dictate how property will be handled should one or both partners die or become incapacitated during the marriage. This includes who gets what, when they get it, and whether debts are paid out before assets are distributed among heirs.
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Modification or elimination of spousal support (alimony)
A Wyoming prenuptial agreement can stipulate whether alimony will be given out during any divorce proceedings or whether an individual's right to receive alimony should be eliminated from their contract with their spouse-to-be!
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Ownership rights in from a life insurance policy
A Wyoming prenuptial agreement can include provisions regarding ownership of property acquired during the marriage. If you want to separate certain assets, you can include them in your prenup. For example, if you have a life insurance policy on yourself and you want it to go to your spouse after death, then it's a good idea to list this asset as separate property in your prenup.
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The "choice of law."
Another important issue that Wyoming prenuptial agreements can cover is the choice of law. This means that spouses can agree on what state's laws will govern their property division if they get divorced or if one spouse dies without writing a will. It's also possible for spouses to agree that the laws of other states should apply instead.
This can be especially helpful if one spouse has moved from another state and wants their new home state's laws to apply instead of those from Wyoming, where they live now.
Conclusion
Hiring a lawyer from Contracts Counsel for Wyoming is essential to ensure that your prenuptial agreement is legally enforceable. You can trust our team of legal professionals to help you prepare and execute a prenuptial agreement that will protect your interests and property in case of a divorce or death.
We'll ensure that your agreement is thorough and complete to cover every situation you might encounter in the future. We'll also ensure that all our clients can ask questions and get answers before signing their agreements. Finally, we'll make sure the entire process is as stress-free as possible by keeping communication clear, concise, and on schedule.
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Meet some of our Wyoming Prenuptial Agreement Lawyers
Kristen R.
Transactional and Employment Attorney and Small Business Owner. I do inside counsel work from the outside. I demystify the law for my clients.
July 26, 2023
Zachary D.
Helping small business owners meet their legal needs.
September 15, 2023
Sarah F.
Sarah brings together her accounting and legal background to help solve client problems. Sarah couples her broad, general commercial legal background with our client’s international and business problems to arrive at elegant solutions that work for their business.
November 5, 2023
Darren W.
My main focus is estate planning and business transactions, but I have had many practice areas throughout my career, including criminal defense and prosecution, civil litigation from neighborhood squabbles to corporate contentions. I have also worked in bankruptcy, family law, collections, employment law, and personal injury. I stand ready to assist in any area to which I feel I can be of service, but will not try to fake it if I do not know the area of law I am being asked to serve in.
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Sara S.
With over ten years of intellectual property experience, I’m happy to work on your contractual matter. I am very diligent and enjoy meeting tight deadlines. Drafting memoranda, business transactional documents, termination notices, cease and desist letters, licenses and letter agreements are all in my wheelhouse! Working in a variety of fields, from construction to pharmaceutical, I enjoy resolving any disputes that come across my desk.
July 31, 2023
Matt T.
Matt is a licensed attorney based out of Dallas, Texas. Despite having recently graduated, Matt has been immersed in the world of Corporate law throughout law school and beyond. As a result, he has benefitted from the unique and advantageous position of experiencing and working on a wide array of matters, such as reviewing, drafting and negotiating contracts, overseeing regulatory compliance, business formation, risk management, and much more. Contact Matt today for a free consultation!
July 14, 2023
Penny R.
I have practiced law for more than 35 years in the State of Texas. I am proud of the relationships I have formed with my clients and the high level of legal advice I have provided over these many years. I am responsive and will promptly address your particular situation. For 35 years I have counseled individuals, partnerships and corporations with regard to business formation, real estate transactions and issues, employer/employee relationships, contracts, estate planning and asset protection. I am licensed to practice law in all state courts in Texas and all federal courts. I have represented plaintiffs and defendants throughout the state in cases ranging from contract disputes to injury claims. I have worked with every type of business you can imagine from individuals to "mom and pop" businesses and businesses with assets of more than $10,000,000. My clients' businesses range from large construction contractors, investment companies, oil and gas companies, and commercial landlords, to name a few.
Family
Prenuptial Agreement
California
Are prenuptial agreements public record?
My partner and I are considering signing a prenuptial agreement before getting married. I want to keep it confidential and I'm not sure if we have to file this with the state or when we get married and would be publicly available?
Michael M.
Prenuptial Agreements are private agreements between the parties. They are typically not public, however, if the matter goes to court, they can be made part of the public record.
Estate Planning
Prenuptial Agreement
Massachusetts
How does a prenuptial agreement affect estate planning?
I am getting married soon and I am interested in understanding how a prenuptial agreement would affect my estate planning. I would like to know what steps I should take to ensure that my assets are protected and that my wishes are carried out after I pass away. I am also curious as to how a prenuptial agreement might affect the distribution of my assets to my family members and other beneficiaries.
Briana C.
A prenuptial agreement does not create an estate plan. But it can do two things. First, a prenuptial agreement can create a contractual promise on the part of one or both spouses to do something in particular with their estate plan (such as promising to leave the marital home to the surviving spouse, or promising to leave everything they have to the surviving spouse, or promising to set up a trust, etc. etc.). If this contractual promise is broken, the surviving spouse has a contract claim against the estate of the dead spouse. Second, and almost the opposite, in a prenuptial agreement one or both spouses can waive the rights they would otherwise have by statute, thus freeing up the other spouse to do whatever he or she wants with her estate plan. Without a prenuptial agreement, a surviving spouse is entitled by statute to inherit a certain proportion of the estate of the dead spouse (the exact proportion depends on whether or not the dead spouse has a will, and/or has surviving children). The prenuptial agreement can override these statutory rights and provide that the surviving spouse is not entitled to inherit anything from the dead spouse, except for anything the dead spouse may choose to leave the surviving spouse in his or her will.
Family
Prenuptial Agreement
New York
Prenup
Hey i'm getting married next month in NY How much will it cost?
Jane C.
I suggest you submit a proposal for lawyers to bid on.
Family
Prenuptial Agreement
Massachusetts
How does a prenuptial agreement affect taxes?
As a couple planning to get married, my partner and I are concerned about the tax implications of a prenuptial agreement. We are wondering if entering into a prenuptial agreement will have any impact on our tax obligations or if there are any specific tax considerations that we should be aware of. We are seeking advice from a lawyer who can provide us with guidance on this matter.
Briana C.
A prenuptial agreement does not in itself affect how taxing authorities will treat the spouses. But it can create promises between the spouses toward one another. For example, it may create a promise to file jointly, or specify that they are making no such promise. And it can create a promise by each spouse to pay the other back for any taxes the other pays on his or spouse's behalf. The decision whether to file jointly or separately does have tax implications with taxing authorities.
Family
Prenuptial Agreement
Massachusetts
Is a prenuptial agreement legally binding?
I am planning to get married and I have been advised to consider a prenuptial agreement to protect my assets in the event of a divorce. However, I am unclear on the legal validity and enforceability of a prenuptial agreement and whether it can be challenged or overturned in court. Therefore, I would like to seek the advice of a lawyer to help me understand the legal implications of a prenuptial agreement and ensure that my interests are protected.
Briana C.
Judges in most cases honor and enforce (signed and notarized) prenuptial agreements between two spouses as long as both parties entered it freely and voluntarily and with full knowledge of one another financial circumstances, and the agreement is not "unconscionable." A prenuptial agreement may not be enforced if (1) either party signed it under duress or coercion or undue pressure (or, say, the night before the wedding), (2) the party seeking to enforce it did not truthfully and completely disclose their financial information, or (3) enforcing the prenup would leave one spouse so destitute that they could not meet their most basic living expenses (i.e., would be forced onto welfare). In short, the prenuptial agreement will be enforced if (1) all the procedural requirements were met at the time it was signed and (2) the terms are not unconscionable, taking into account the circumstances existing at the time of divorce.
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ContractsCounsel User
Prenuptial Agreement Drafting
Location: California
Turnaround: Less than a week
Service: Drafting
Doc Type: Prenuptial Agreement
Number of Bids: 6
Bid Range: $700 - $1,800
ContractsCounsel User
Prenuptial Agreement
Location: Pennsylvania
Turnaround: Over a week
Service: Drafting
Doc Type: Prenuptial Agreement
Number of Bids: 5
Bid Range: $500 - $1,200
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