A postnuptial agreement is a contract entered into by married couples. It allows spouses to determine how property, assets, debt, and other liabilities will be handled in the event of a divorce or death.
For couples with high net worth or valuable assets, entering into a postnuptial agreement can give peace of mind and offer an additional layer of protection should they decide to separate.
An Owings Mills postnuptial agreements lawyer could assist clients during this process. Nguyen Roche Sutton is prepared to draft, negotiate, and review a marital agreement on a client’s behalf to ensure their best interests are protected. When considering a postnuptial contract, sitting down with an experienced marital agreement attorney is crucial to weigh every option.
Couples decide to enter into a postnuptial agreement for many reasons. A valid marital agreement must have certain characteristics. Both spouses must enter into the agreement voluntarily, with full knowledge of its terms, and the contract should be fair and reasonable.
If one spouse brings significant assets into the marriage, a postnuptial agreement can protect them in case of divorce. Similarly, it can help with estate planning by specifying how assets will be distributed upon death. A postnuptial can also assist with resolving potential disputes about property or financial matters in advance.
Before signing a marital agreement of any kind, both spouses should consult independently with an attorney who could advise them of their interests. Call a postnuptial agreements lawyer in Owings Mills to learn more.
Postnuptial agreements are designed to address various concerns that may arise if the parties divorce or there is a sudden death. Most commonly, couples contemplate provisions related to the following:
A postnuptial agreement might contain several provisions, including identification and distribution of assets, alimony payments, and other primary issues.
The agreement should clearly identify all assets and debts owed by the spouses, including real estate, bank accounts, investments, and any liabilities.
A postnuptial can specify how assets will be divided in the event of a divorce or death. This may include dividing assets equally, assigning specific assets to each spouse, or using a formula-based approach unique to the couple’s contributions.
The agreement can specify whether spousal support will be paid and, if so, the amount and duration of those payments. It may also include provisions for modifying alimony if circumstances change significantly.
A postnuptial can address custody arrangements for children, including physical custody, legal custody, and visitation rights. In addition, it can specify the amount of child support to be paid and how it will be calculated.
Postnuptial agreements can also specify how assets will be distributed upon the death of one or both spouses.
Couples may waive their rights to property, assets, inheritance, spousal support, or other matters. During an initial consultation, an Owings Mills lawyer could provide more information on postnuptial agreements.
The laws surrounding postnuptial agreements can be challenging to navigate without legal assistance. An Owings Mills postnuptial agreements lawyer could help plan and put together a contract that meets both spouses’ needs and preferences.
While no one likes to contemplate difficult circumstances like divorce or the unexpected death of a spouse, a postnuptial agreement can protect both side’s interests.
Contact Nguyen Roche Sutton today to schedule a complimentary meeting with a seasoned family attorney.
