While the carnival of the week is that Justin Bieber and Hailey Baldwin secretly married earlier this week, the even more important news is that they may not have signed a marriage contract. With Justin`s net assets at $265 million and Hailey`s $2 million, it`s a huge wealth imbalance. Depending on the outcome of the marriage, this could result in a big payday for Hailey. Just as it is important to understand what should be included in a checklist for the pre-marital agreement, it is equally important to keep in mind the points that may not be, including: If you or your partner think that a marriage agreement is the right choice for your financial future, discuss openly and honestly the pros and cons of the contract and give yourself enough time to reach an interim agreement. Pay attention to what can and cannot be included in the agreement, and if you are both willing to sue, you should keep experienced legal counsel to help you finalize and submit the necessary documents. When it comes to the future, nothing is guaranteed, but having a valid marital agreement before making your vows can both give you the peace of mind you need to start your new life together. Prenups can also determine the ownership of objects such as . B priceless family items. For example, if you want to make sure that an important work of art remains in your family, you should list this item in the prenup as a separate personal property instead of listing it as a common property.
A pre-election agreement may not contain any information on child custody issues, such as visits, religious education, school education, family allowances, etc. In the event of a divorce, a court is responsible for determining what is in the best interests of the child or children. Marital agreements describe not only what happens to each spouse`s property in the event of divorce, but also the financial obligations of each spouse during the marriage. These include the party responsible for the payment of certain invoices, how joint bank accounts are managed, certain contributions from each spouse to savings accounts and how financial disputes are handled. Deciding that you want a marriage agreement doesn`t mean that you don`t really like your partner or that you necessarily imagine a day when you want to leave him. Marriage contracts are nothing more than instruments of estate administration that protect you and your spouse, and therefore your family, in the event of divorce.