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You can sign a prenuptial agreement with your would-be wife regarding your assets and how they would be divided if things go wrong
If the option of divorce becomes unavoidable, you can produce the agreement which would be considered by the courts
So, for a pre-nup agreement, you should make sure:
The pre-nup is entered into by both parties freely and knowingly - that means you must both understand the agreement fully and agree to it voluntarily
The pre-nup is signed at least 21 days before the marriage to avoid claims that it was arranged in a rush or by putting one party under pressure
You each make a full disclosure of all your assets and property in existence
So, you can save your assets by signing a prenuptial agreement with your would-be wife.
If the event of a divorce, the assets would get divided as per the pre-nup agreement,
If there is no pre-nup agreement, then the assets gets divided equally between both the parties at the time of divorce
It is a legal document and binding on the parties.
Assets acquired prior to the marriage would depend , if the house is acquired before the marriage , but used as family home /marital home, would get equally divided.
Fiances /money/liquid cash acquired before marriage would not be taken into consideration at the time of divorce.
If that house is used as a marital house, then it would get divided
May not get divided equally though,
Unfortunately there is no straightforward calculation that can be done and any award will be at the court’s discretion
Yes, you can opt for deed of trust to fix your and your wife`s share in the property
Under the deed of trust , you can opt for any share amount as per your agreement
Yes it is legal and binding
If you need further assistance, please let me know.
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Exactly. All liquid assets acquired before marriage would not be taken into consideration at divorce.
Deed of trust to fix share you can make at the time of the purchase.
You can further information about Deed of trust by clicking below link-
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