Postnuptial Agreement
Definition:
A postnuptial agreement, also known as a post marriage agreement, is a voluntary marriage contract that is created after a couple's wedding. A postnuptial agreement is similar to a premarital agreement, except for that it is created after a marriage. Postnuptial agreements usually take place between a couple that has established a prenuptial agreement, but has overlooked some assets or have experienced changes in preference. To put a postnuptial agreement into effect, it must have the following elements:
- It must be in writing
- It cannot conflict with public policy
- It must be signed by notary public or a judge, magistrate or clerk
Consequences of Postnuptial Agreement:
Having a postnuptial agreement is better than not having any agreement at all. Without postnuptial agreements, the state could grant each spouse one-half of the marital assets or divide the assets to achieve equitable distribution. To avoid standard distributions by the state during a divorce, it is advised to specify how the assets should be distributed in a prenuptial or postnuptial agreement.What a Lawyer can do for you:
A postnuptial agreement lawyer can work closely with you to understand your financial situations, including your long-term goals. A lawyer can help you draft an agreement that protects your assets and help you establish a postnuptial agreement in the following situations:- If you have assets you want to protect, such as savings, investments and property
- If you are a beneficiary or next in line to receive an inheritance
- If you have children from your former marriage
- If you will be supporting your spouse while your spouse in school or training
- If you are earning a substantial income from your career
- If you own a business or have an idea that will bring you significant income
Lawyer Referral Service:
If you are already married and are considering a postnuptial agreement, consult with a postnuptial agreement lawyer today. Contact Attorney Search Network to find and schedule a consultation with an experienced postnuptial agreement lawyer near you.If you have any questions about the information
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