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Prenuptial agreements are becoming more common among couples getting married, as they provide a clear outline of how assets and debts will be divided in case of a divorce. If you are considering creating a prenuptial agreement in Arizona, it's important to understand the specific documents that are required to make it legally valid.
The first document that is required to create a prenuptial agreement in Arizona is a full disclosure of assets and debts from both parties. This includes bank statements, investment accounts, real estate deeds, retirement accounts, and any other assets or debts that each party may have. It's important for both parties to be transparent about their financial situation to ensure that the agreement is fair and enforceable.
In addition to a full disclosure of assets and debts, both parties must also provide proof of income. This can include recent pay stubs, tax returns, or any other documentation that shows each party's current income. By providing proof of income, both parties can ensure that the financial aspects of the prenuptial agreement are based on accurate information.
Another important document that is required for a prenuptial agreement in Arizona is a list of separate property. Separate property includes assets that were acquired before the marriage or gifts or inheritances received during the marriage that were kept separate from marital assets. By clearly outlining what constitutes separate property in the agreement, both parties can protect these assets in case of a divorce.
It's also essential to include provisions for spousal support (alimony) in the prenuptial agreement if desired. Spousal support provisions outline how much support will be paid, for how long it will be paid, and under what circumstances it may be terminated. By including spousal support provisions in the agreement, both parties can avoid potential disputes over this issue if they were to divorce.
Creating a prenuptial agreement in Arizona requires several key documents, including a full disclosure of assets and debts, proof of income, a list of separate property, and provisions for spousal support. By working with an experienced family law attorney like Harmon Law Office, Arizona residents can ensure that their prenuptial agreements are legally valid and provide protection for both parties in case of a divorce. If you're considering creating a prenuptial agreement, contact us today for assistance with navigating this important legal process.
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Phone: 480-900-1707
Email: eharmon@harmonlegal.net
60 E Rio Salado Pkwy
Suite 900
Tempe, AZ 85281
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