Saturday, January 1, 2011
Trust agreements & premarital agreements
Before the marriage arrangements and trust agreements two separate documents which have different implications for the property you have. Both documents have their own needs to be valid, and the other can affect special circumstances. DefinitionAccording "Black Law Dictionary", an agreement before the marriage is an agreement to support the rights of the parties before marriage or property in the marriage ended in divorce written. A trust agreement is a contract between an individual and a trustee to a trust for the beneficiaries.Requirements for ValidityFor before marriage maintain an agreement in most valid his, it must be signed in writing, both the prenuptial agreement must your disclose, assets and there needs to be no influence on the parties. A trust agreement valid, it is appropriate to a person who has the ability and intention to do so. Furthermore, trust the creator must be funded to trust the owner of the property. Trust must also reasonably ascertainable beneficiaries.EffectsDepending laws in your State, human rights on the restrict property or divorce.WarningThis is benefits trust premarital agreements may have no legal advice or representation. Vary according to the laws in your state. Seek the help of a lawyer to these questions licensed.
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