A post nuptial agreement is a written contract executed after a couple gets married to settle the couple’s financial assets in the event of a separation, divorce, or death. Such a contract is a legal agreement between spouses and can include provisions regarding property, debt, jewelry, income, and spousal support.
Such an agreement can bring peace of mind to a stay at home spouse that will be out of the workforce for several years. In the event of separation or divorce, a post nuptial agreement can set out terms of spousal support. A post nuptial agreement is also a useful tool when one party has a sudden increase in finances, due to the inheritance of a family business, for example. Such an agreement can safeguard the other spouse’s financial position while also protecting the family business.
A post nuptial agreement could also be useful for persons in a second marriage. It could protect children from a previous marriage or elderly or disabled family members. Furthermore, in the event of the death of one spouse, a post nuptial agreement can help avoid the task of splitting the estate with adult children from a previous marriage or relationship, and allow the remaining spouse to move forward with his or her life. A post nuptial agreement can end arguments about the division of financial assets and bring a sense of financial security to the parties so that they may focus on the marriage itself.
Should you wish to consider a post nuptial agreement, please call for our office at (501) 296-9999 to schedule a free consultation with one of our experienced attorneys.
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