Montgomery County Prenuptial & Postnuptial Agreements Lawyer
Premarital agreements, primarily known as prenups or prenuptial agreements, are legal agreements between future spouses that will become effective the day they are legally married. A postnuptial agreement, or postmarital agreement, is similar, but it is not created until after the couple is married. Prenups and postnups are both valuable tools that couples can use to keep their marriage on a firm foundation. These agreements can offer security and comfort to both parties as they know they will be taken care of rather than taken advantage of in the event of divorce. To learn more about marital agreements, contact a Montgomery County prenuptial & postnuptial agreements lawyer at the Law Offices of Lauren H. Kane.
What Is the Purpose of a Prenuptial Agreement?
Prenups are typically associated with a wealthy person who is marrying someone who doesn’t bring the same assets and wealth into the marriage. That may be one reason someone uses a prenup, but it’s not the only one. Prenups can protect couples with no assets too. With younger couples amassing more debts at a younger age, such as heft student loans, it can protect one spouse from being liable for the other’s debts going into the marriage. The purpose of a prenup is to let both future spouses go into the marriage with a full picture of the other party’s financial situation. Couples can also ensure they are on the same page about the future, having open and honest conversations about what happens in the event of a divorce, death, or another major event.
Despite what some people might say regarding prenups spoiling the upcoming wedding, couples who start out with a marital agreement typically have better communication and a stronger foundation, allowing them to build a healthier marriage.
Common Reasons for Premarital Agreements
Some of the most common reasons for premarital agreements in Pennsylvania include:
Family business: One spouse who has a business with other family members will want to protect that interest for their family’s sake and ensure it’s separate from marital assets that will be distributed in the event of a divorce.
Disparity in wealth: Wealthier partners obviously want to protect their assets and not being taken advantage of during a divorce, and spouses who don’t have as much need to know they will be well-taken care of should the marriage not work out.
Prior children: If one person has children from another marriage, a prenup is a good idea to ensure the children are not alienated from their inheritance because their mother or father remarried.
What is a Postnuptial Agreement?
Postnuptial agreements are like prenups, but they are not executed until after the couple is married. It will become effective when signed. It can accomplish the same goals as a prenup. Sometimes it’s easier for couples to discuss the subject after being married for some time rather than address it when engaged. Also, some situations may facilitate the need for a marital agreement, such as one spouse inheriting a lot of money or one spouse’s spending habits are affecting the household income.
Contact a Montgomery County Prenuptial and Postnuptial Agreement Lawyer
To create a legally binding marital agreement, couples must meet certain legal requirements. To learn more about creating or reviewing a prenup or postnuptial agreement, contact the Law Offices of Lauren H. Kane. We have nearly 40 years of experience and can help with all your family law needs, including marital agreements.
