Marriage is an exciting time for both spouses. Between planning for the Big Day and anticipating the changes that are just around the corner, it can be easy to forget about important administrative details.
One critical aspect that many couples overlook is the financial implications of getting married. Some couples choose to combine all income and assets while others use prenuptial agreements to establish guidelines in case of divorce or separation.
Although this may seem impossible when you say your vows, nearly half of all marriages end in divorce. If you did not sign a prenup before your marriage, then it may be wise to create a postnuptial agreement to protect your finances.
At the Elliot Green Law Offices, we can help you draft prenuptial and postnuptial agreements that will represent your interests. Even a small mistake in these documents could render them legally invalid, so it is important that you consult an experienced family attorney to create yours.
Staten Island divorce lawyer Elliot Green can help with this process. To schedule a consultation, call our office today at 718-260-8668.
What Is a Postnuptial Agreement?
According to the American Bar Association, a postnuptial agreement is a legally binding contract that couples sign after entering into a marriage or civil union. The purpose of the agreement is to stipulate how to divide the couple’s assets and property in the event of a separation or divorce.
Couples can outline how they will divide all property, whether acquired individually or together. The contract can also include information on issues such as debt and child support.
Why Sign a Postnuptial Agreement?
Many people who are in a second or third marriage, and have children from previous marriages, consider postnuptial agreements in order to ensure that certain assets will reach the children outside of the immediate marriage. Some couples also use a postnuptial agreement as a way to encourage an unfaithful partner to be more committed to the marriage, and to serve as a form of protection should the marriage fall apart.
A postnuptial agreement can also be a positive affirmation of the marriage. If you sign an agreement with terms favorable to your spouse, then you are essentially indicating that you are serious about your marriage, and you are committed to making it work.
Signing a postnuptial agreement may also be wise if you decide to leave your job in order to care for your children. The contract may be necessary to guarantee your financial security in the event of a divorce or separation.
If you are considering divorce or would like assistance crafting a prenuptial or postnuptial agreement, contact the Elliot Green Law Offices at 718-260-8668. Elliot Green is a Staten Island family attorney who gives each case the individual attention that it deserves. He can evaluate your goals, answer your questions and help you navigate through the legal complexities of family law.
