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Will The Prenuptial Agreement Protect All my Current And Future Assets

Yes, pre nuptial agreement will protect all your current and future assets. It excludes the liabilities of the parties towards each other and the asset of the parties earned before or after the marriage will remain the sole property of the individual party. If the parties do not prefer to enter into pre nuptial agreement, the assets will be divided on the equal basis. A pre nuptial agreement supports the matrimonial relation because marriage is not only a physical or emotional bond, but it is also a financial union. Prenuptial agreement is made between the couples who are intending to enter into marriage. It is a complete document that avoids the disputes between the parties on the division of assets. It also provides the mental satisfaction to the couples that whatever they will earn or buy, it remain in their asset.

It also protects the disputes and apprehension between the parties about the division of assets. It is made between spouses before they marry or enter into a civil partnership which establishes how they wish their assets to be divided if they should divorce or have their civil partnership …

The Current Federal Minimum Wage

History of Minimum Wage Law The first form of minimum wage law was introduced in 1896, but instead of requiring employers to pay at least a guaranteed minimum wage amount, the law in its infancy only set up arbitration boards to prevent labor strikes. Australia, New Zealand, the United Kingdom and the colony of Victoria, Austria were the first to establish laws creating arbitration boards of this nature. The first of these laws were created in New Zealand in 1896 under the Industrial Conciliation and Arbitration Act. 1899 is when Victoria, Austria came on board with arbitration counsels. In 1907, Australia set a “living wage” for a family of four.

The Trade Boards Act established arbitration boards in 1909 for the United Kingdom. In 1912, Massachusetts and the United States were the first to set minimum wages for women and children in an attempt to control the proliferation of sweat shops and manufacturing industries. It was not until the Fair Labor Standards Act of 1938 was passed in the U.S. that a national minimum wage standard was set for most workers in the public and private sector. The law for minimum wage in the US …