Houston Marital Agreement Lawyer
Understanding Pre- & Post-Marital Agreements
A premarital agreement (often referred to as a prenuptial agreement) is a contract executed before marriage that specifies the property rights, financial obligations, assets, and liabilities of each person. A post-marital agreement (often referred to as a postnuptial agreement) also governs each person's financial affairs, but it is created after the couple is married. These contracts are signed once the couple has reached an agreement regarding how their assets and debts will be divided if the marriage ends.
A skilled Houston prenuptial and postnuptial agreement attorney can address your concerns and help you protect your financial interests. With nearly two decades of legal experience in a wide range of family law and divorce cases, Kay Polk, Attorney at Law has the skill it takes to effectively draft, negotiate, review, and litigate pre- and post-marital agreements in Houston and across Harris County.
Who Benefits from Premarital & Post-Marital Agreements?
There is a common misconception that only people with substantial assets need to engage in premarital and post-marital agreements. Small business owners and people who want to control how their assets are distributed also sign these financial agreements. If a valid premarital or post-marital agreement doesn't exist, Texas statutes will decide how the couple’s assets and debts will be divided. When a competent attorney creates a valid premarital or post-marital agreement, the couple will know what they are entitled to receive during the divorce, and it can help expedite the legal proceedings.
The Purpose of a Prenuptial or Postnuptial Agreement
Some people sign a prenuptial or postnuptial agreement because they want to protect an inheritance or ensure that property acquired prior to the marriage remains separate from community assets. The contract can protect an individual from being personally liable for large debts incurred by the other spouse. Individuals who plan on distributing certain assets to their children are also invested in creating these types of agreements.
Choosing to sign a contract isn't a sign of bad faith or lack of trust in your spouse. When couples decide to draft a prenuptial or postnuptial agreement, it requires them to fully disclose all assets and debts. It gives the couple an opportunity to discuss their expectations, rights, and financial goals. The agreements often provide a level of comfort and assurance because you know that you'll be protected financially if the marriage ends.
Protect Your Assets with a Postnuptial Agreement
A postnuptial agreement is a legal document that allows married couples to outline how their assets and debts will be divided in the event of a divorce or separation. It provides a sense of security and peace of mind, ensuring that both parties are protected and their interests are taken care of.
Benefits of a postnuptial agreement include:
- Clear division of assets: A postnuptial agreement can specify how property, investments, and other assets will be divided, eliminating any confusion or disputes during a divorce.
- Protection of individual assets: If you have significant assets or businesses that you want to protect, a postnuptial agreement can ensure that they remain separate property and are not subject to division.
- Financial security: By outlining financial responsibilities and expectations, a postnuptial agreement can help establish a fair and reasonable financial arrangement, providing financial security for both parties.
- Preservation of family wealth: If you have children from a previous marriage or family heirlooms that you want to preserve, a postnuptial agreement can ensure that these assets are protected and passed down to your intended beneficiaries.
- Reduced conflict and stress: By addressing potential issues and concerns in advance, a postnuptial agreement can help minimize conflicts and reduce the stress associated with divorce or separation.
At Kay Polk, Attorney at Law, our experienced Houston pre- & post-marital agreement attorney can guide you through the process of creating a postnuptial agreement that meets your unique needs and protects your interests. Contact us today to schedule a consultation and take the necessary steps to safeguard your assets and financial well-being.
Consult a Houston Pre- & Post-Marital Agreement Attorney
Regardless of your reasons for entering into a premarital or post-marital agreement, Houston attorney Kay Polk can make sure that the contract is fair, reasonable, and fully enforceable. This is essential if your interests are to be fully protected.