An Expert Guide to Understanding Postnuptial Agreements

by 48 Minutes | Tuesday, Mar 27, 2018 | 67 views

Couple in conflictSome people are more familiar with postnuptial contracts than prenuptial agreements. This is a marital agreement intended for couples in a civil union or marriage. Postnuptial agreements establish the terms of a divorce or separation should it occurs in the future.

Hiring a divorce attorney in Denver, CO to help you handle your postnuptial agreement is important. They will ensure that your agreement is legally enforceable and that you and your spouse are well-provided for. Here are some pieces of information to help you further understand this crucial marital agreement.

Basic Requirements of an Enforceable and Valid Postnuptial Agreement

For your agreement to be valid, it should be in writing and voluntary. Fair and full disclosure of assets, income, and liabilities at the time of the contract is among the essential requirements. The agreement should also meet the legal requirements of your state.

Types of Postnuptial Agreements

The common types of postnuptial agreements outline the means of division of property and spousal support after separation. A different kind of agreement is used to waive a surviving spouse’s right to property inheritance upon the death of the other spouse. The third type spells out property division, spousal and child support, and child custody after separation. It is typically used as a template for separation agreements.

Read:  2 Things That Might Happen to You if You Don’t Sign a Non-Compete Agreement

Pros of Entering a Postnuptial Agreement

Contrary to popular belief, entering a postnuptial agreement does not set your marriage up for failure. A postnuptial contract is the best way to protect your and your kids’ financial stability. It will also help you reduce any tension in your marriage and work hard at making your marriage work.

Entering a postnuptial agreement is important for couples in their second or third marriages. It ensures that the children from a previous marriage are still well provided for and protected. A postnuptial agreement might be the best thing in your marriage in so many ways, and it is worth serious consideration.

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