"Prenuptial agreement is one of the most romantic things there is"

Watch: Why is it important to make a financial agreement, what about giving a gift before marriage and what to do in case of divorce?

Adv. Vered Levy with everything you need to know about this important issue

In conjunction with Legal Zap

23/02/2022

Wednesday, February 23, 2022, 7 p.m.

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In the video: Adv. Vered Levy (Edited by Gilad Manheim)

Mazel Tov!

You got married and you are taking your first steps as a couple on all that that entails: a joint account, a car and even a property.

But what happens when one party brings in all or most of the property, and what happens if the parents of one of the parties can afford to help but are afraid of the fate of the property in the event of a divorce?

Adv. Vered Levy, who deals with family law, explains.

"It is very important to note that if a parent gives money or an apartment to a child, then it is a gift.

That is why it is very important to define these things in an agreement - money or a loan, so that things are clear.

If there is no such agreement, God forbid in the event of a divorce, half of the property will be transferred to the other party, which is not certain that the parents wish for.

This happens even if the property is registered on only one party. ”

"Apparently, according to section 5 of the Financial Relations, Gifts and Property Before Marriage Act, these are things that are not included in the property balance. "For example, a couple who got married and lived in an apartment that belonged to one of the parties before the marriage or was given as a gift.

"It is subject to interpretation. The court has the option to exercise discretion in each case on its own merits. Therefore I would not take a chance, I would sign the other party to an agreement. Some legal mechanism that will define things very clearly."

Smiling couple (Photo: ShutterStock)

Is there a conflict between a ketuba and a financial agreement?

"Ketubah is a contract for all intents and purposes. There are a lot of people who take it easy, it's not just a picture on the family album from the wedding. Therefore, when a couple divorces, a man may have to give Ketubah even if there is a financial agreement or additional property.

"It's very common and worth considering. Some people think it can create an obstacle in a marriage or an unpleasant feeling. However, in my humble opinion, a prenuptial agreement is one of the most romantic things there is, it means the parties get married because they love each other "That the issue of property is not part of the matter. Once a proper and proper financial agreement is made, it can ensure that if the package is dismantled in the future, everything will happen in a friendly and fair manner."

"This is very important. The field of family law is one of the most dynamic areas in the legal industry. There is always such and such a shift and rulings. Therefore, when drafting such an agreement, you need someone who understands the spirit of change and flexibility. It's not just about business because it's not a business - it's a life of people. "

Adv. Vered Levy on the legal website

Phone: 077-2304000

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• family law

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• family law