Prenuptial Agreement Benefit

 

Who is Eligible:  Any covered member who desires to seek a Prenuptial Agreement from his or her intended spouse mutually agreed upon by the parties.

 

What is the Benefit*:  The Fund provides coverage through a panel law firm for all necessary legal services which the negotiation and preparation of a Prenuptial Agreement may require.  The Prenuptial Agreement may be prepared and executed with a minimum of consultation/negotiation or it may necessitate extensive negotiation with opposing counsel and intended spouse.  The following schedule indicates the possible legal services and the amount to be paid by the member in each circumstance:

 

Coverage Provided by the Fund

Through a Panel Law Firm

Amount Paid by

Fund Member

 

Consultation

 

None

 

Uncontested or Cooperatively Agreed

Prenuptial with minimal negotiation

 

 

$70

 

Prenuptial Agreement with extensive negotiation

 

$250

 

How to Obtain the Benefit:  To obtain the Prenuptial Agreement Benefit, contact the Legal Services Fund office to request an appointment.  At the time of the appointment, you and an attorney from a panel law firm will complete the appropriate forms.

 

* [Some persons contemplating marriage may wish to minimize legal uncertainty concerning the disposition of assets in the event of divorce or death.  In the event of divorce, a prenuptial agreement may be used to address rights with regard to separate property; spousal support; management of monthly expenses; debts; distribution of property, including academic degrees and licenses earned during the marriage; and protection of children of previous marriages.  In the event of death, the agreement may be used to address the right to dispose of property on death to a person or persons other than the spouse.]