Putting Together Valid Prenuptial And Postnuptial Agreements
For many people, their wedding day is one of the happiest days of their lives. The last thing in their minds is the possibility of a divorce. Unfortunately, almost half of marriages end in divorce. A well-constructed prenuptial or postnuptial agreement will protect both spouses in the event of a future divorce.
Located in American Fork and providing representation in Orem, Provo and throughout Utah, Featherstone Family Law helps clients protect their financial interests through prenuptial and postnuptial agreements
A prenuptial or postnuptial agreement is a marriage contract in which both parties agree to specified property or debt division in the event of a future divorce. Prenuptial agreements are completed before marriage; postnuptial agreements are developed after marriage has taken place.
Protect Your Financial Interests Before And During Marriage
At Featherstone Family Law, our attorneys negotiate, draft and review prenuptial and postnuptial agreements on our clients’ behalves. During the divorce process, we also help our clients both contest and defend the validity of prenuptial agreements. Common reasons for a prenuptial or postnuptial agreement can include:
- Asset protection — If one spouse has substantial financial assets, or is expecting a large inheritance, a prenup or postnup agreement will protect those assets in the event of a future divorce.
- Debt protection — When one spouse has substantial amounts of debt, such as student loan debt, a prenup or postnup can safeguard the other spouse from financial responsibility.
- Protecting children from a previous relationship — When individuals pass away, assets are typically transferred to the surviving spouse. If you have children from a previous relationship, this may result in their disinheritance. A prenup or postnup agreement can help ensure a portion of your assets are transferred to them upon your death.