Premarital Agreements Mediation

Prenuptial agreements or premarital agreements which are prepared using a mediator and the mediation process. Using prenuptial or premarital mediation to draft an agreement allows the couple to determine the…

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Premarital Agreement

A private contract that defines certain issues within a marriage (which hasn’t yet taken place), typically spousal support and property division, as well as certain provisions in the event of…

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Predetermined heir

Child (or child of a deceased child) who is either not named in or not provided for in a will but who are entitled to a share of an estate.…

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Power of attorney

* A legal instrument authorizing one to act as the attorney or agent of the signer. See also durable power of attorney.

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Pour over will

A will which automatically deposits money or assets into a trust. Property left through a will must go through probate before it can “pour over” into the trust.

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Postnuptial Agreement

A private contract that defines certain issues within a marriage (which has already taken place), typically debt, spousal support and property division, as well as certain provisions in the event…

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Postmarital Agreement

A private contract that defines certain issues within a marriage (which has already taken place), typically debt, spousal support and property division, as well as certain provisions in the event…

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Personal Guardian

If no parent is available to raise your child, another adult must be legally responsible to do so. This person is called the child’s personal guardian.

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Personal Exemption

If your estate is worth more than the amount of the personal estate tax exemption for the year of your death, your estate will owe taxes unless other exemptions or…

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Peaceful resolution

Constance Arons’ book, The Good Divorce, was one of the first (and most enduring) books to illustrate how a peaceful divorce might be possible. Allowing yourself to grief the end…

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Pay on death designation

Also called a pay on death account. Bank account which balance will be paid upon the owner’s death to the person specified as the pay on death beneficiary.

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Parenting plan

The written court orders which outline how often and when the children will be with each parent and how child-focused decisions will be made. Parenting plans typically include decision making…

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Palimony

An income replacement– like alimony or spousal support –that may be awarded under a contract theory rather than an alimony law. The difference is that palimony is for people who…

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