Is there a Statute of Limitations on Prenuptial Agreements?

If you are engaged to be married, there are documents that you should be aware of, such as a prenuptial agreement. A prenuptial agreement is a contract between the two parties specifying the division of properties, assets, gifts, income, and liabilities should the marriage demise. It is designed to be fair so that both parties have adequate support after the demise of the marriage. While prenuptial agreements can cause some people angst, it can be a wise tool to use should one or both parties have children or either party has obtained wealth prior to the relationship as way to protect themselves, their heirs and businesses.

Limitations

A prenuptial agreement is a legally binding agreement. In most cases, couples will establish the statues on their marriage agreement. However, there are some states that will place limitations based on certain circumstances. For example, in the state of Maine, a prenuptial agreement will expire with the birth of a child. Prior to doing a prenuptial agreement, couples should check their state laws to determine if there is a statue determining the limitations.