What are The Consequences of a Prenuptial Agreement
Failure to execute a prenuptial agreement means that the court will automatically divide a divorcing couple's properties equitably. Under this distribution, each party may acquire a share of the community property in accordance with contribution to the entire pool of properties. Not only that, a prenuptial agreement can also have the following effects:
It will ensure that the children from previous relationships get their rightful share
It will dictate which between the parties will pay for a specific liability.
It will provide support for the surviving spouse.
It will establish custody of the child and support.
It will provide for the educational support of the child.
It will set limits on the interest of a creditor over the assets.
It will determine which partner may acquire the ownership of identified properties.