Call Us:
480.345.2652
FREE Initial Consultation

Archives

  • June 2017 (4)
  • April 2017 (5)
  • March 2017 (5)
  • February 2017 (5)
  • January 2017 (5)
  • December 2016 (5)
  • November 2016 (5)
  • October 2016 (5)
  • September 2016 (5)
  • August 2016 (5)
  • July 2016 (5)
  • June 2016 (5)
  • May 2016 (7)
  • April 2016 (5)
  • March 2016 (5)
  • February 2016 (5)
  • January 2016 (6)
  • December 2015 (5)
  • November 2015 (5)
  • October 2015 (8)
  • September 2015 (3)
  • August 2015 (9)
  • July 2015 (5)
  • June 2015 (5)
  • May 2015 (5)
  • March 2015 (5)
  • February 2015 (5)
  • January 2015 (5)
  • December 2014 (5)
  • November 2014 (5)
  • October 2014 (5)
  • September 2014 (9)
  • July 2014 (5)
  • June 2014 (5)
  • May 2014 (3)
  • January 2014 (1)

  • Areas of Focus

    Contact Us Today

    Law Office of Ronald Kossack
    4645 South Lakeshore Drive, Suite 4
    Tempe, AZ 85282

    Phone: 480-345-2652
    Fax: 480-897-6038
    Email: info@kossacklaw.com

    Prenuptial Agreements

    Engaged couples planning to wed in Arizona should consider how individual assets brought to the union will be handled if divorce or spousal death separate them. Prenuptial agreements are a practical means to ensure protection of either spouse’s individual property in the state of Arizona.

    A prenuptial agreement, also known as a prenup, is an agreement made between the prospective spouses as they contemplate marriage. The prenup in Arizona considers effective factors on the prospective union. Although many couples commonly consider the prenuptial agreement focuses on what happens to property in the event of dissolution of marriage, the prenup can be used to detail the couple’s responsibilities to each other. For example, the prenup can memorialize the couple’s health and medical insurance decisions, how any individual debts assumed before the wedding should be paid, and a surviving spouse’s death benefit.

    UPAA—Uniform Premarital Agreement Act

    There are only 27 states to recognize UPAA, and fortunately, Arizona is one of them. The National Conference of Commissioners on Uniform State Laws created the act to standardize the various prenup laws of different states. Many states recognize UPAA but interpretations of it vary. It is essential to check with an Arizona prenup lawyer for specific guidance regarding UPAA interpretation.

    Prenup Enforceabililty

    The prenuptial agreement is considered valid only if a written prenup agreement exists. The future spouses must agree to voluntarily execute the agreement. Both must provide full disclosure concerning assets at the time of execution before an authorized notary. An unconscionable or unreasonable agreement can create grounds for future contention.

    Alteration of an Arizona Prenup

    A prenuptial agreement may be altered or even dissolved when both people execute a second written agreement. Prospective spouses in Arizona can also include a “sunset provision” in their prenuptial agreement. After a certain period of time, the prenup will simply expire. A sunset provision is one of the ways that couples hoping for a long life together place love before money.

    Contact an Arizona Prenup Attorney

    The Wall Street Journal reported that the American Academy of Matrimonial Lawyers (AAML) believes that all couples planning to marry should sign a prenup agreement. More than half of the participants of the survey said their clients’ prenup activity has increased over a three-year period. Prenuptial agreements can actually promote a stronger marriage by directing the couple’s focus on items that are frequent marital issues. Decisions about how the couple handles money before marriage is one of the best ways to go forward in a loving relationship.

    If you’re considering the benefits of a prenuptial agreement, contact Attorney Ron Kossack at 480-345-2652 today.