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Thread: Prenup

  1. Join Date
    Sep 2008
    Posts
    106

    Prenup

    I understand that if you are married then your spouse must also co-sign the agreement, but what if you have a prenup? Does this affect your ability to get approved for the bond?

  2. Join Date
    Oct 2007
    Posts
    401

    Prenup

    Quote Originally Posted by grasshopper
    I understand that if you are married then your spouse must also co-sign the agreement, but what if you have a prenup? Does this affect your ability to get approved for the bond?
    Having a prenuptial agreement in place will not affect your chances of being denied or approved for a bond.
    If you do have a prenup; however, your spouse will not have to sign the indemnity agreement.

  3. Join Date
    Sep 2008
    Posts
    106

    Is it looked more favorably though if you are married without a prenup, so that they have twice as many people to hold liable?

  4. Join Date
    Oct 2007
    Posts
    558

    Wage & Welfare Bonds

    Quote Originally Posted by grasshopper
    Is it looked more favorably though if you are married without a prenup, so that they have twice as many people to hold liable?
    Not necessarily. The only reason Surety requires spousal indemnity is to keep the Principal from transferring assets to a spouse to avoid having to pay Surety back in the event of a claim.

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