This is a contract between a couple who compiles and signs it in a mutually agreed way before marrying to each other. The main purpose of this contract is to safeguard their rights by defining procedures for assets division, spousal support, payments of debts and bills, etc. It keeps parties away from grueling court procedures. Nobody enters into the marriage or civil partnership expecting it to end. However, many relationships change over time, and often in circumstances that no-one can foresee.
Division of property will apply to only those assets which belong to both. That means the property of any single party at the time of marriage will belong to him or her after divorce or separation as well and the other person will have no claim for that property or asset.
Legal importance of prenuptial agreement in Los Angeles
In Los Angeles, the prenuptial agreement has great value when it comes to safeguarding the rights of the couple in the event of separation or divorce as there is no direct provision in the constitution of Los Angeles regarding the prenuptial agreement. However, the Family Law Act applies to all matters that may arise in the course of a marital relationship and a couple who want separation will have to follow the rules of this Act in Los Angeles.
That is the major reason which enhances the importance of a prenuptial agreement before marrying in Los Angeles as it helps the couple to resolve their possible future disputes before hand.
The family law firm in Los Angeles, Whitmarsh Family Law provides their expert services in the form of well compiled prenuptial agreement template which is a comprehensive document in plain English catering all sorts of prenuptial contracts for people who are about to get married and want to draft the procedures to be adopted in case of separation.