Prenups: 4 Things You Must Know

22 Jun 2022 · 1 min

Watch on YouTube

0:48

In this short legal explainer, attorney Jerry Taylor outlines the essential elements that make a prenuptial agreement enforceable. He emphasizes that a prenup must be a written document; it cannot be oral. The agreement must be entered into voluntarily, without coercion or duress, noting that a prenup signed the day before a wedding is likely to be invalidated. Both parties are required to fully disclose all assets and liabilities, as nondisclosure can render the contract void. The terms must be balanced and not unconscionably one‑sided, meaning one party cannot receive everything while the other receives nothing. Finally, each side should have independent legal counsel. Taylor concludes by urging viewers to consider these points before signing and to contact him for further assistance.

Chapters

Prenups. Whether you're a party to a prenup or you're being asked to sign one or your child is, these are the basic things that you need to know about a prenup. First off, they have to be written. An oral prenup is not valid, so don't fall for that. Second, they must not be coerced or signed under duress. Let me just tell you that a prenup signed the day before a wedding can most likely be invalidated. Next, both sides must fully disclose their assets and their liabilities. And if you don't do that, if you're not fully transparent, they can be invalidated. They cannot be too lopsided where one party gets everything and the other gets nothing. That's called being unconscionable. And last, both sides must have an attorney. If you're being asked to sign a prenup, you need to consider all of these. If you'd like more information, contact me and follow this channel.