Postnuptial Agreements
What is a Postnuptial Agreement?
Similar to a prenuptial agreement, a postnuptial agreement is a legal contract established between spouses during their marriage. It outlines how assets, debts, and spousal support will be handled in the event of a future divorce.
Key Issues Addressed
A well-drafted postnuptial agreement can address various matters:
- Asset and Debt Division: Define how marital and separate property will be divided in a divorce.
- Spousal Support: Determine the terms of spousal support, if any, should a divorce occur.
- Inheritance Protection: Safeguard inherited assets or family businesses from becoming marital property.
- Debt Management: Outline how existing or future debts will be handled during a separation.
When is a Postnuptial Agreement Beneficial?
- Changing Financial Circumstances: If your financial situation has significantly changed since marriage, a postnuptial agreement can provide clarity.
- Business Ownership: Protect a business or its assets from becoming marital property.
- Inheritance Concerns: Ensure future inheritances remain separate property.
- Blended Families: Provide clarity on asset distribution, especially if there are children from prior relationships.
Contact Us Today
Postnuptial agreements do not have to be something to fear but can be something to help you and your partner prepare for the future for whatever may come. Find out if it is right for you and your unique situation and contact us today either online or at 702-214-7244.