North Carolina Prenuptial Agreement Lawyers
Congratulations on your upcoming wedding! We will be happy to assist you with respect to the negotiation and/or drafting of a Prenuptial Agreement. In preparing this document, you need to be aware of the subject matter that can be addressed.
A prenuptial agreement can give prospective spouses an opportunity to make those decisions before marriage rather than leaving every issue to North Carolina law later. Ward Family Law Group has exclusively practiced family law since 2000. Our team includes three attorneys certified by the North Carolina State Bar as Family Law Specialists.
Our North Carolina prenuptial agreement lawyers can help you draft, review, or negotiate an agreement that reflects your circumstances and financial goals. Reach out to us to schedule a consultation and learn more about the benefits of establishing a prenup.
What Is a Prenuptial Agreement?
A prenuptial agreement is a contract between prospective spouses that is made in contemplation of marriage and becomes effective when the parties marry. North Carolina's Uniform Premarital Agreement Act, found in Chapter 52B of the North Carolina General Statutes, governs these agreements.
A properly prepared agreement can establish financial rights and responsibilities between spouses and determine how certain property and financial interests will be handled during marriage, upon separation, at divorce, or after the death of a spouse. The agreement can address existing assets and debts as well as future property and financial matters.
A prenuptial agreement does not give spouses unlimited authority to determine every issue that could arise during a marriage or divorce. For example, North Carolina law does not allow a premarital agreement to adversely affect a child's right to support.
Interested in a Prenup?
How Ward Family Law Group Can Help With Prenups in North Carolina
A prenuptial agreement should address the circumstances of the people who sign it. Ward Family Law Group works with prospective spouses at different stages of the process, whether they are beginning to discuss a prenup or have already received a proposed agreement from the other party.
Drafting a Prenuptial Agreement
Our family law attorneys in North Carolina can help identify the financial and legal issues that should be addressed and prepare provisions that reflect the couple's circumstances and goals. This process may involve property, debt, business interests, estate-planning considerations, and spousal support.
Reviewing a Proposed Agreement
If your future spouse has presented you with a prenuptial agreement, you should understand its terms before signing. An attorney can review the document with you, explain its potential effects, and identify provisions that may warrant further discussion.
Negotiating Prenuptial Agreement Terms
Negotiating a prenup does not necessarily mean that the couple is headed for conflict. Thoughtful negotiations can give both people an opportunity to raise concerns, clarify expectations, and reach terms they understand.
Evaluating Enforceability Concerns
Our team can also review an existing agreement when questions arise about whether it satisfies North Carolina's legal requirements. Issues involving voluntariness, financial disclosure, unconscionability, or the agreement's terms may become important when enforceability is later disputed.
What Can a North Carolina Prenuptial Agreement Address?
North Carolina law gives prospective spouses considerable flexibility when establishing their financial arrangements. The terms should reflect the couple's actual circumstances rather than relying on a generic form.
A prenuptial agreement may address:
Property ownership: The agreement can establish each person's rights and obligations concerning property owned before or acquired during the marriage.
Property management: Spouses can establish rules concerning the use, transfer, sale, or management of certain property.
Property division: The agreement can establish how certain property will be treated if the couple separates or divorces, which can affect issues that would otherwise be addressed through property distribution.
Debt: The agreement can address responsibility for certain existing or future financial obligations.
Spousal support: A prenup may modify or eliminate certain rights to spousal support, subject to the requirements of North Carolina law.
Business interests: Business owners can address ownership interests and financial rights associated with a closely held business.
Estate planning: A prenuptial agreement can coordinate with wills, trusts, and other arrangements intended to carry out the parties' wishes after death.
Life insurance: The agreement can address ownership rights and the disposition of certain life insurance death benefits.
Other financial arrangements: The parties may address other rights and obligations as long as the provisions do not violate public policy or a statute imposing a criminal penalty.
North Carolina law specifically permits prospective spouses to contract about property, property management, the disposition of property upon separation or death, spousal support, estate-planning arrangements, life insurance, and other permissible matters. The right of a child to support cannot be adversely affected by a prenuptial agreement.
Who Should Consider a Prenuptial Agreement?
You do not have to enter a marriage with substantial wealth to benefit from a prenuptial agreement. Couples in many different financial and family circumstances may have reasons to establish their financial expectations before marrying.
A prenup may be particularly useful when one or both prospective spouses:
Own a business or professional practice.
Expect to receive an inheritance.
Have children from a previous relationship.
Have substantial debts or other financial obligations.
Own retirement accounts or other long-term assets.
Want to establish expectations concerning financial responsibilities during marriage.
Have accumulated significant separate property before the marriage.
Expect a substantial change in income or assets during the marriage.
Have estate-planning goals that should be coordinated with their marital agreement.
Financial circumstances can become particularly complicated when a couple owns a business, has substantial investments, or expects to acquire significant assets during the marriage. Ward Family Law Group works with clients on complex financial matters involving businesses, investments, retirement assets, real estate, and other financial interests.
A prenuptial agreement can also give couples an opportunity to discuss financial expectations before they marry. Those conversations may address matters that could otherwise become sources of disagreement later.
How Do You Create an Enforceable Prenuptial Agreement in North Carolina?
The value of a prenuptial agreement depends in large part on whether the agreement complies with applicable legal requirements. North Carolina law establishes several important considerations when an agreement is created.
The Agreement Must Be in Writing
North Carolina General Statute § 52B-3 requires a premarital agreement to be in writing and signed by both parties. The agreement does not require consideration to be enforceable.
Both Parties Must Sign Voluntarily
A person challenging a premarital agreement may argue that they did not enter into the agreement voluntarily. Pressure, coercion, or other circumstances surrounding the signing can therefore become important when a court later evaluates enforceability.
Provide Financial Disclosure
Under North Carolina law, a premarital agreement may be unenforceable in certain circumstances if it was unconscionable when executed and the party challenging it did not receive fair and reasonable disclosure of the other party's property or financial obligations, did not waive further disclosure in writing, and did not have adequate knowledge of those financial circumstances.
For this reason, prospective spouses should approach financial disclosure carefully and maintain clear records of the assets, debts, income, and other financial interests addressed during the negotiation.
Protect Each Person's Interests with Independent Legal Counsel
The parties to a prenup have different legal interests, even when they are entering the agreement cooperatively. Each person should have the opportunity to obtain advice from an attorney who represents that person's interests.
Independent counsel can help a prospective spouse understand what the agreement provides, identify provisions that may need further negotiation, and evaluate the potential legal consequences of signing.
When Should You Start Working on a Prenuptial Agreement?
There is no reason to wait until wedding plans are nearly complete before addressing a prenup. Starting early gives both prospective spouses more time to consider what they want the agreement to accomplish.
The process may involve several steps:
Identify your goals. Consider which property, financial responsibilities, business interests, or support issues you want the agreement to address.
Gather financial information. Each person should identify relevant assets, debts, income, and other financial obligations.
Prepare and review proposed terms. The agreement should reflect the couple's circumstances rather than rely on a one-size-fits-all approach.
Obtain independent legal advice. Each prospective spouse should have an opportunity to consult separate counsel.
Negotiate changes. The parties can discuss provisions that they do not understand or believe should be revised.
Sign the final agreement. Both parties should understand the document before signing it.
Starting early also gives couples time to work through difficult financial conversations without allowing the wedding date to dictate the pace of negotiations.
Why Choose Ward Family Law Group for a Prenuptial Agreement?
More Than 25 Years Focused on Family Law
Ward Family Law Group has practiced exclusively in family law and divorce since 2000. The firm's attorneys represent clients ranging from young couples preparing for marriage to business owners and individuals with complicated financial circumstances.
Our firm also has three attorneys certified by the North Carolina State Bar as Family Law Specialists. That concentration in family law gives our attorneys experience with the financial and legal issues that can overlap with a prenuptial agreement, including property, support, divorce, and other family law matters.
Experience With Complex Financial Issues
A prenuptial agreement can become particularly important when significant or complicated assets are involved. Our attorneys have experience addressing financial matters involving closely held businesses, real estate, retirement accounts, investments, and other substantial interests.
For example, Ryan M. Tarrant is certified by the North Carolina State Bar as a Family Law Specialist and has devoted his entire legal career to family law. He has been recognized as a North Carolina Super Lawyers Rising Star since 2017 and has been recognized in The Best Lawyers in America in Family Law since 2018. His experience includes negotiating and drafting separation agreements and property settlements as well as representing clients in family law litigation.
That experience allows our attorneys to consider a prenuptial agreement in the context of the broader financial and family law issues that may affect a client's future.
Contact Our North Carolina Firm Today
A prenuptial agreement gives prospective spouses an opportunity to address important financial questions before marriage. Whether you need help drafting an agreement, reviewing terms proposed by your future spouse, or negotiating provisions, Ward Family Law Group can help you understand your options and move forward with greater clarity.
Contact us to schedule a consultation with one of our experienced lawyers.