A discussion of the benefits of pre-nuptial agreements. Highlights
of the Connecticut Premarital Agreement Act.
Rev.
11/02/06

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Susan K. Smith
David M. Moore
Attorneys at Law
Mediation, Collaboration
Victims' Remedies
Injury Cases
Smith & Moore, LLC
www.SmithMooreLLC.com
www.smith-lawfirm.com
suesmith@smith-lawfirm.com
24 East Main Street
(Route 44)
Old Avon Village North
Avon, CT 06001
Direct dial:
Atty Smith: (860) 678-1860
Atty. Moore: (860) 674-0122
Fax: (860) 677-5229
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Atty. Smith's Hartford
Conference Space
21 Oak Street
Suite 208
Hartford, CT 06106
Voice: (860) 297-0035
Directions & Map
Martindale-Hubbell
Peer Review Rated
For Ethical Standards and Legal Ability
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Susan K. Smith
David M. Moore
Attorneys at Law
Mediation, Collaboration
Victims' Remedies
Injury Cases
Smith & Moore, LLC
www.SmithMooreLLC.com
www.smith-lawfirm.com
suesmith@smith-lawfirm.com
24 East Main Street
(Route 44)
Old Avon Village North
Avon, CT 06001
Direct dial:
Atty Smith: (860) 678-1860
Atty. Moore: (860) 674-0122
Fax: (860) 677-5229
Directions & Map
Atty. Smith's Hartford
Conference Space
21 Oak Street
Suite 208
Hartford, CT 06106
Voice: (860) 297-0035
Directions & Map
Martindale-Hubbell
Peer Review Rated
For Ethical Standards and Legal Ability
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Susan K. Smith, Attorney-Mediator
Hartford and Avon, Connecticut
A pre-nuptial agreement ("pre-nup")
is an agreement which is entered into by a couple prior to marriage to
determine what their rights and responsibilities are in the event of
divorce.
Why Have a Pre-Nuptial
Agreement? Pre-nups have become more common for the both the wealthy and
the not-so-wealthy in order to:
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Avoid protracted
proceedings if the marriage fails after a short period of time.
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Protect the financial
autonomy that individuals have developed in their careers or because
they are marrying later in life.
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Provide comfort to
families contributing money to a new couple that family money will stay
in the family.
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Protect inheritances.
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Protect family or
pre-marital businesses and to avoid the protracted and intrusive
litigation concerning the value of business interests that can occur
during divorce.
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Provide for and protect
children of first marriages. This also serves to ease the entry of a
step-parent into the family picture when there are adult-aged children.
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Clarify respective
financial responsibilities when one or more of the spouses has been
married. The pre-nup might become important if a motion to modify child
support or alimony is filed and a former spouse makes the claim that
there is a "substantial change in circumstances" due to
remarriage.
The Legalities. Twenty-six
jurisdictions, including Connecticut, have adopted some form of the Uniform
Premarital Agreement Act (UPAA). Link
to a list of all jurisdictions and their statutes. The Connecticut
Premarital Agreement Act is codified at
Conn.
Gen. Stats. § 46b-36a (eff. Oct. 1, 1995). The CPAA has eliminated some of
the problems associated with drafting pre-nups by establishing their
enforceability and providing standards. The
Connecticut Premarital Agreement Act provides that:
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Agreements must be in
writing and signed.
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Agreements must be preceded
by full financial disclosure by both parties.
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Parties must have adequate
time to review the agreement and obtain legal advice "from
independent counsel" before signing. The Act does not mandate that
each party have separate counsel, but many lawyers insist on it because
of the emphasis placed on that factor in court decisions. Under some
circumstances, agreements can be mediated by a neutral mediator. If the
pre-nup is mediated, each party must allow for adequate time to have the
agreement reviewed by independent counsel.
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Agreements must be entered
into voluntarily.
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Agreements cannot be
"unconscionable."
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Applies to most property and
assets. Applies to spousal support with some restriction.
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Does not apply to agreements
concerning children (custody, visitation, child support). Any such
agreements are not binding and can be modified by a court. Courts always
assume and retain jurisdiction to make decisions concerning the best
interests of children at the time disputes arise.
Planting the Seeds of
Divorce? Some experts are of the opinion that the negotiation process
itself can cause dissension which can damage the foundation of a new
marriage. If one spouse feels that s/he was manipulated by the other or not treated
fairly, the resentment that results can undermine the relationship. Parties,
attorneys and mediators should take care that the pre-nuptial agreement
process does not plant the seeds of divorce.
Post-nuptial Agreements.
A post-nuptial agreement can be negotiated after a serious problem or
breakdown in the marriage occurs. In an effort to preserve the marriage,
couples can enter into a post-nup to determine property allocation and their
respective responsibilities. Post-nups are not covered by the UPAA, however,
the UPAA can provide guidelines for the drafting and analysis of post-nups.
Parties should keep the basic principles in mind; namely, there should be
full disclosure, the agreement cannot be unconscionable or the result of one
spouse's over-reaching, and the parties should have plenty of time before
signing to consult an attorney. Ideally, each party should have separate
counsel.
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