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What is the difference between a premarital agreement and a post marital agreement?

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What is the difference between a premarital agreement and a post marital agreement?

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A premarital agreement is a contract between prospective spouses made prior to and in contemplation of marriage. They are often used when one or both prospective parties have accumulated substantial wealth, run a business together, have adult children, wish to waive spousal support and/or retirement benefits, etc. With a premarital agreement, prospective spouses may adjust property rights with regard to property acquired before and during the marriage by means of provisions that define the separate property of each party, waive a spouse’s statutory rights to homestead and exempt property, or provide for the partition, exchange, or transfer of property between the spouses. A post-marital agreement is a contract between spouses made during marriage. Such agreements serve two main purposes. First, they provide a means whereby existing community property may be converted into the separate property of the spouses, thereby enabling each spouse to manage, control and dispose of the his or her

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