Prior to entering into a marriage one or both Spouses may be interested in a Prenuptial agreement. Both Prenuptial and Postnuptial agreements are legally binding. The purpose of each agreement is to outline Asset Division and Spousal Support/Alimony in the event of a Divorce. In order to be enforceable, a Prenup or Postnup requires complete financial disclosure, willingness to sign from both parties involved, and legal representation.
For those who do not know, the difference between a Prenuptial and Postnuptial agreement is that a Prenuptial agreement is created before marriage and a Postnuptial agreement is prepared after. Are you interested in moving forward with a Prenuptial or Postnuptial agreement? Perhaps you are wondering more about each process.
The following are potential positive outcomes for those who sign a Prenuptial agreement:
- Pre-marital asset protection
- Financial responsibilities are made clear
- Future disagreements may be limited
When it comes to Postnuptial agreements there are still prospective benefits. Examples include protecting assets in response to changed situations (such as a new business venture) or making necessary edits to an existing Prenuptial agreement.
During the drafting process of a Prenuptial or Postnuptial agreement, there may be legal terminology that is unfamiliar to you or your Spouse. Our Legal Team is here to help. It is important for you and your future Spouse to be on the same page. To get started with a Prenuptial or Postnuptial agreement, give us a call at (407) 872-3161.