How to Use Wisconsin Prenuptial Agreement
When a couple decides to marry, they may choose to outline the ownership and division of their current and future assets through a legal document known as a prenuptial agreement. This step can safeguard individual interests and clarify financial matters should the marriage end. In Wisconsin, filling out a prenuptial agreement form requires attention to detail and accuracy to ensure the document reflects the couple's wishes precisely and is considered valid under state law.
- Begin by gathering all necessary personal and financial documents. This includes identification, property titles, debt records, and any other assets or liabilities.
- Enter the full legal names of both parties entering into the agreement at the top of the form.
- Specify the date when the agreement will take effect, usually the date of the marriage.
- Detail all separate properties each party currently owns. This includes real estate, investments, inheritances, and any other assets considered separate from marital property.
- Describe the manner in which future earnings, debts, and acquisitions will be treated during the marriage.
- Outline any specific arrangements for the division of property and debt should the marriage dissolve. This may cover real estate, retirement benefits, and other significant assets or liabilities.
- Include any provisions for spousal support or alimony, if applicable. Clearly state the conditions, duration, and amount of such support.
- Review state laws regarding the requirement for full financial disclosure, and ensure both parties comply with these regulations by accurately disclosing all assets and liabilities.
- If necessary, include any special agreements or conditions that are important to both parties, such as the education of children from previous marriages or the succession of family businesses.
- Have both parties review the completed agreement carefully, making any needed adjustments to ensure it accurately reflects their wishes and is fair to both sides.
- Ensure both parties sign the agreement in the presence of a notary public to validate the document. In Wisconsin, it's a good practice for each party to have their own legal counsel review the agreement before signing.
- Store the original signed agreement in a secure location, such as a safety deposit box, and provide copies to each party for their records.
By following these steps carefully, couples can create a solid prenuptial agreement that protects their individual interests and provides peace of mind as they enter into marriage. It's important to approach this process thoughtfully and to consider obtaining legal advice to ensure the agreement is enforceable and aligns with current Wisconsin statutes.