we only handle financial agreements between spouses and testaments.
have prepared more than 700 financial agreements between spouses, including complex and complicated agreements.
I will never agree to work with a couple, unless I am fully convinced, I can help them reach a financial agreement.
guaranteed. See feedback from clients in the above link.
Remember: Choosing the correct attorney, based on character, is the key to success.
To contact a financial agreement lawyer and notary Uri Ganor, leave details:
Consulting and guiding attorneys on preparing financial agreements.
Opinions on existing agreements.
Preparing electronic financial agreements.
Notarial approval for financial agreements.
Notarial translation for financial agreements into any language.
The financial agreement will be catered to your needs. It will be formulated based on a professional and sensitive approach, that ensures your relationship remains unharmed.
For residents of Petach Tikva, Kfar Saba, Holon, the Krayot, Ramat Gan, Givatayim Netanya, Ra'anana, Herzliya, Hedera and Ramat HaSharon – meetings can be scheduled in your area of residence (by prior scheduling).
Every couple can enter a financial agreement, at any stage in their relationship: before getting married, during the marriage or even when living together as common-law spouses.
A financial agreement between spouses is also known as a joint lives' agreement, premarital or prenuptial agreement.
A financial agreement between spouses is a legal document signed by both of you, the couple, with the purpose of foreseeing the future and arranging all your property affairs: both assets accumulated thus far as well as any future assets (both joint and separate), including any changes that the property will undergo, such as increase in value, during the many years of your relationship ahead of you and most importantly: it also discusses the issue of debts.
The word "financial" is somewhat misleading because the combination of "financial agreement" doesn’t only refer to money, but rather all types of assets and rights. In other words: anything of monetary value.
First, an important clarification: a financial agreement doesn’t have to include all the items on the list. A couple can decide to only include the minimal, necessary terms in a financial agreement and if one of them tells an attorney that they want to sign a basic financial agreement, that is precisely what they'll get.
Remember: the couple has to choose which financial agreement is suitable for them and what to include in it. Guide your attorney on which issues are important to you both, ask him or her to include them in the agreement so that your wishes will be respected and applied.
✔️ Previous personal property: each partner's personal property before the relationship began, such as ownership of real estate, shares, business, funds in bank accounts and cars. Maintaining independent control of personal property at the complete, exclusive discretion of the property's owner.
✔️ Personal past debts and future debts: the debts accumulated or to be accumulated by each spouse, including debts to governmental bodies, such as Income Tax Authority and the National Insurance Institution. This subject can be critical. You must hermetically prevent the possibility that each partner's debts will apply to the other partner and therefore, this must be clearly stipulated in an organized financial agreement.
✔️ Property purchased together during the relationship, in unequal investments: all the arrangements concerning each party's share in joint property must be determined, particularly procedures for selling the property and dividing the consideration (there have been cases when one spouse insists on not selling a joint apartment because he or she prefers to wait until a higher offer is received, while the second spouse wants to quickly sell the apartment, without delay).
✔️ Gifts and inheritances: such that each spouse receives during the relationship. This section also refers to situations when you receive a gift from a relative, without defining the identity of the receiver, as well as non-monetary gifts intended for use by both spouse and their joint children.
In addition to the issues covered by a basic financial agreement, the following issues can also be arranged:
The first: you are establishing a partnership, which is economic in all aspects and every economic partnership must be defined in an agreement.
The second: your investments in the partnership are not equal, nor will they be equal in the future.
The third: this partnership is emotionally charged, considering that it refers to your family and love.
To be more specific, your partnership is established for non-business purposes (starting a family), it is driven by your love and deep friendship. Nonetheless, like in every business, you want to profit and gather property. In a regular business partnership, each partner's investment and labor in that business determines shares in the partnership, the profits, in case of liquidating the partnership, its debts and losses. Equal investment – equal shares. Unequal investments – unequal shares. But what about the economic partnership between spouses? How do you consider your shares? To what extent will it be affected by your connection as a couple and as a family?
Let's assume that one of you earns more than the other. One has property from the past and the other has less or no property at all. One of you owns a business or will own a business in the future. One of you will build a professional career and the other will raise the children. Additionally, over the years you will receive gifts and inheritances of unequal value.
If you consider all this and more, how will you decide each party's share if you separate? how much will each party get upon separation?
This partnership has two components: the first includes complete reciprocation, partnership, harmony, love, sex, raising children and fidelity. The second includes your property relations that often pose large differences between you.
In case of separation, the owner of the property or a party with potential to purchase property in the future, will want to preserve what is his or hers and the other party who does not own property or has potential to purchase property, will not want to separate and end up empty handed.
In lack of a financial agreement between spouses, these conflicting interests collide.
Soon you will find yourselves relying on a broken reed, the Honorable Court and I guarantee, as an expert attorney specializing in financial agreements, that is the last position you want to find yourself in. Not at all. A good, hermetic financial agreement, arranges and stipulates not only your rights and obligations regarding property upon separation, but also prevents each of you from filing futile claims against a spouse who you used to love. A financial agreement blocks the option of appealing to the court.
If you know this is the case, that you have a good and fair arrangement that balances between your separate property on the one hand and your relationship and partnership on the other, this will contribute to your peace of mind and will remove unnecessary tension from your relationship, and I assure you, this is not just a figure of speech. As an experienced attorney who has met many couples, I know what I'm talking about.
I would like to clarify a common mistake: a financial agreement is not necessarily intended to serve the party with more property. A financial agreement serves the mutual interests of both parties. I will gladly clarify this matter by telephone with the spouse who has no or has less property and explain why he or she should prepare a financial agreement.
Don’t worry: a financial agreement has no role in daily life. You can store it in the drawer and even lock it (just don’t lose the key). If you decide to separate – you can retrieve it. In such case all your property matters, including dividing property, will already be prearranged and ready. Everything will be concluded in writing, signed and sealed. A financial agreement will save you tiring battles that will only hurt you, your children and families, who all will be drawn into a bitter dispute (you have to agree that an ugly separation can happen to you too …)
The financial agreement should be entered now, at the beginning of your relationship when it is based on friendship and love. A financial agreement will benefit from your friendship and communication and will prepare you for a situation that these are pushed aside in case of separating.
See the article: financial agreement before or after the wedding.
Apprehension from entering a financial agreement between spouses
I often come across people afraid of entering a financial agreement in the early and fragile stages of their relationship, when matters are emotional and sensitive. It's possible that even you, while reading these lines, feel somewhat uncomfortable and apprehensive. Right? Am I right? Let's put it all out there: this fear, this unpleasantness, are not only understandable, they're justified! It is indeed an awkward moment when one spouse approaches the other before getting married and asks to sign a financial agreement. The request can come as a total surprise to the other spouse since the concept is often perceived as an expression of lack of trust. This request can definitely cause tension in a relationship and sometimes even end it.
I promised to say the truth and I'm staying true to my word. But don’t get freaked out. There are solutions, read the article: Financial Agreement: do you feel pressured and what can help?
A financial agreement is a sensitive and volatile matter. In most cases the initiative for preparing a financial agreement comes from the spouse who owns more property or from the spouse with a potential to accumulate more property in the future (from his or her profession or family). The purpose of initiating an agreement is to protect that property in case of separation.
Turning to our spouse and asking to sign a financial agreement, means we want to protect ourselves from the possibility that he or she will want shares in our property upon a separation. The immediate result is your partner might feel that he or she is not trusted, that you "suspect" them. This might be considered a trust crisis and obviously without trust there's no point in starting a family or an economic partnership, is there?
Asking to prepare a financial agreement can lead to such a deep crisis that you might regret ever having brought up the subject. The agreement can be the last straw, meaning it might end the relationship or even worse – it might scar a relationship and always remain in the background.
The way to successfully conclude a financial agreement depends on the "how": how you prepare the agreement, how you bring up the subject and how sensitive and considerate you are. Think before you act.
First stage – a conversation about financial agreements among friends
I recommend that you avoid broaching the subject head on. Try to raise the subject in general among friends (not family). Alternatively, read about the subject on the internet and refer your spouse to an article that supports entering an agreement (including this article).
Second stage – discussion between the couple
Shortly after raising the subject between friends or during the discussion, express your opinion to your spouse. Say that the subject seems important to you and emphasize that it will benefit both of you (and it will).
Third stage – convincing your partner
If your partner opposes to the subject, let him/her be, but a few days later (not more), bring the subject up again. Tell your partner you read about it, consulted with friends and would like him or her to respect your wishes and for both of you to consult with an attorney specializing in financial agreement, to receive more details and then decide how to proceed. Don’t get into futile arguments with your partner.
Fourth stage – choosing the correct attorney to prepare your financial agreement
This is the decisive stage. You must carefully select a suitable attorney to handle your financial agreement "from the first attempt", since if the attorney you choose fails to conclude an agreement, this will only expand disagreements and force you to chase after more attorneys, which will only add unnecessary strain and efforts.
Only a positive connection with an attorney, will give you both a sense that your agreement gives you peace of mind. So how do you choose the correct attorney?
Before choosing an attorney to prepare the financial agreement, ask around. Visit the attorney's website, check if he or she only engages in preparing financial agreements or is a "jack of all trades" – a general attorney who also deals with execution cases, real estate or criminal law. You do not want such an attorney to handle your agreement; you want someone who only deals with financial agreements and not an attorney who has so many areas to work on, that preparing a financial agreement is "by the way" for him or her.
The more an attorney meets with couples and prepares financial agreements, the more he or she learns from them and perfects his professionalism. The attorney also becomes more sensitive to such issues and improves his patience and consideration. An experienced attorney gathers special skills and learns how to handle unexpected crises during a meeting, how to navigate so that both spouses feel that can place their full confidence in that attorney and enable him or her to bring up creative ideas for solving disputes (quite difficult disputes at times).
Speak to the attorney on the phone, have a lengthy conversation: fifteen to thirty minutes. Ask questions and then, trust your intuition. Nothing can replace your personal impression. You will learn whether the attorney has patience, seems pleasant, open, understanding, professional, sensitive and capable of catering the agreement to your needs.
After the telephone conversation with the attorney, don’t schedule a meeting yet. Share your impressions from the conversation with your partner and give them an opportunity to also speak to the attorney, to see whether the attorney suits them too. Choosing an attorney to prepare a financial agreement together is important, even if your partner tells you to choose whomever you want. If you don’t make the choice together, if only your partner speaks to the attorney, you will not know what was said in the conversation, which topics already came up and were handled. There aren’t enough words to stress how important this is – it is the key. Both of you should get an impression and both of you should choose who you want to place your trust with.
Read about the attorney on his or her website and the internet. Look for articles he or she wrote on financial agreements. Search the attorney's name on Google combined with the word "article" or "articles" and together with "financial agreement between spouses", for example: "Uri Ganor article financial agreement".
The extent of articles published by an attorney on the issue of financial agreements and their content, will attest not only to his professional skills, but also to his or her personality. Notice the style of the articles and read "between the lines" to discover what spirit lies behind.
Read recommendations from the attorney's clients published on the internet website. Ask the attorney for telephone numbers of clients (this isn’t always an option since many couples don’t want others to know they signed a financial agreement). Check the names of recommenders, do you know any of them?
Both of you have to be convinced that you chose an objective and neutral attorney. If the attorney is friends with one of you, how can the other trust him or her?
Since you have conflicting interests or various opinions regarding financial arrangements, you might think its best for each party to hire a personal attorney. This is a common mistake. Two attorneys can easily, even without intending to, make your differences more pronounced and complicate matters. Each one will "pull" to his or her direction and will prevent a more flexible approach. It is important that you choose one attorney whom you both trust.
An attorney can approve a financial agreement before four instances: the Family Court, the Rabbinical Court, a Notary or the Registrar of Marriages. As for married couples, jurisdiction for approving a financial agreement is awarded to the Family Court and the Rabbinical Court.
Below please find an extensive article on critical distinctions between the various types of approvals.
Uri Ganor – Prenup Lawyer in Tel Aviv / Israel.