Safeguarding Your Interests & Preserving Assets after Marriage
No one is perfect, nor can we see into the future. Ensuring that your rights, finances, and other key aspects of your life are fully protected is an important part of being able to sleep at night knowing that your future is taken care of, even in the most difficult situations. A postnuptial agreement can do this for you.
The key difference between a prenuptial agreement and postnuptial agreement is that a postnuptial agreement is signed after marriage, thereby triggering your fiduciary duties. Postnuptial agreements are often used to update existing prenuptial agreements as the dynamics and finances in a marriage change. If you did not have time to create a prenuptial agreement before you and your spouse tied the knot, or would like to make changes to an existing agreement, it is never too late to start drafting a marital agreement. Similar to a prenuptial agreement, a postnuptial agreement can provide effective protection for your assets and outline what happens to a couple's estate in the event of a divorce.
Essential Issues to Consider Include in Postnuptial Agreements
Postnuptial agreements are important contracts that address a wide range of issues, including asset ownership. While the idea of a marriage contract is off-putting to some, these agreements can actually help build mutual respect in a relationship by putting all the cards on the table. Knowing that your spouse cares about giving you a fair deal in the event of a separation builds trust.
Some issues often included in a postnuptial agreement are:
- How assets and debts are divided during divorce
- Protection for businesses or professional practices
- If you have a blended family, you can settle concerns regarding each party's stepchildren
- Whether spousal support is required, the amount, and for how long
- Outlines to each party's expectations and role in the marriage
- What happens when infidelity is involved, including the consequences
Contact Us to Discuss Your Concerns
If you are considering a prenuptial or postnuptial agreement, talk to our Thousand Oaks postnuptial agreement lawyer first. We evaluate the unique circumstances of your family and work closely with you to draft terms that are in your best interests. Whether you are creating an agreement from scratch or require a professional review of an agreement before signing, we are ready to assist.
Find out more about the process by calling our Thousand Oaks family law firm at (805) 449-4290.