Sunday, November 15, 2009
Georgia Clarifies that Disclosure of Financial Information Is Required for an Enforceable Premarital Agreement
In Quarles v. Quarles, the Georgia Supreme court reversed a trial court's order granting the husband's motion for summary judgment that the premarital agreement was enforceable. The Supreme Court found that the evidence was disputed regarding whether the husband adequately disclosed his financial information in connection with the execution of the agreement. Because of this, due to the requirement under Georgia law that the parties exchange adequate financial information before execution, the husband's motion for summary judgment should not have been granted.