Don't Sign It and Forget It: Why It's Important to Refresh Your Prenuptial Agreement

Short summary

This article explains why couples should periodically review and amend prenuptial agreements after marriage, converting them into marital agreements when life circumstances change. Key triggers for amendment include business success, new debt, joint asset purchases, relocation to another state, having children, or shifts in relationship dynamics. The piece also outlines differing state-level legal frameworks, including the Uniform Premarital Agreement Act and its 2012 successor, the Uniform Premarital and Marital Agreements Act.

• •Prenuptial agreements should be revisited when major life events occur such as business growth, new debt, joint asset purchases, relocation, or having children
• •Amended prenups become marital agreements and must be in writing and signed by both parties
• •Different states enforce marital agreements differently, with varying burdens of proof under UPAA and UPMAA frameworks

Generated with AI, which can make mistakes.