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Postnup Agreement: Is It Right For You?
Most people have heard of a prenuptial agreement, and though they don’t always have the best social stigma, they can be effective legal tools. Similarly, postnuptial agreements can be used to help resolve hot issues and disagreements in a marriage, as well as protect both spouses in the event a divorce occurs. This type of document is essentially a contract that is entered into during a marriage.
Postnuptial Agreements Can Include the Following Type of Information:
- Child custody/support wishes
- Financial protections
- Spousal support requirements
- Property division and distribution decisions
- Designation of inheritance for children from previous marriages
- Protection for a business
This type of agreement can be used for more than just divorce; it can also provide direction in separation or death.
Do I Need A Postnuptial Agreement in Fresno?
More and more couples have been opting to set up agreements prior to or during marriage. While many couples argue over how to spend money or what to invest income in, it does not mean they will automatically need a postnuptial agreement. Those that want to keep their assets separate, even those that they have accumulated throughout a marriage, may be the most likely candidate for a postnuptial agreement. Those with family businesses may also benefit greatly from setting out legal boundaries and guidelines for coping with a relational change.
However, just because you do not have a large amount of income does not mean that a postnuptial contract won’t be helpful for your situation. It is best to discuss your specific goals with a Fresno family law attorney who can review your situation and help you determine if a postnuptial agreement will benefit your marriage and estate.
If you would like to learn more about post or pre-nuptial agreements, feel free to contact the Law Offices of Rick D. Banks at (559) 222-4891. We can review your case in a no obligation consultation!