| 1. |
|
| 2. |
|
| 3. |
|
Can a prenuptial agreement keep pre-existing separate debt separate
Milwaukee, WI
Viewed 937 times.
Posted about 1 year ago in Marriage / Prenuptials
Flag as objectionable
Prenup:
My boyfriend and I want to get married. We both have pre-existing debt that we don't want the other responsible for should something happen to either of us. Can we get a prenup for this? If we can get a prenup, after we've paid all or most of it off can we get rid of it?
- Is this your question? Add additional information
Answers (1)Jean M. Kies
This attorney is licensed in Wisconsin.
Posted about 1 year ago.
Flag as objectionable
A prenuptial can be negotiated by the parties by their respective lawyers. Each of you must have separate lawyers to make the document enforceable. The prenuptial can segregate pre-marital debt and insulate the parties from eachother's pre-marital obligations. There is nothing in the law that says once all of the debts are paid in full that the parties can't tear up the prenuptial agreement or execute a document voiding it. In fact, your attorney may negotiate a clause in the prenuptial agreement that triggers the "sunset" of the agreement once the debts are wiped out.
|