Nuptial Agreements
Pre & Postnuptial
Pre & Postnuptial Agreements
Planning is essential to building and securing a financial future. A nuptial agreement can provide a sense of security and knowledge and not leave your future situation uncertain.
Whether prior to getting married, due to a change in circumstances during the marriage, or as part of the process of reconciliation, a nuptial agreement can provide clarity to the financial division of material assets in the event of separation or divorce.
From the designation of separate property, the division of marital assets, designation of assets for children from the current marriage or previous relationships, privately owned business ownership issues, and future spousal support, all these issues can be addressed in a pre or postnuptial agreement.
Reasons to consider a nuptial agreement:
This is a second marriage for you or your future partner.
There are children from previous relationships and either desire particular assets to be designated for the children’s benefit.
Either you or your future partner has prior financial obligations and/or outstanding debt.
Either of you has an established business entity or a partnership in a business.
There is a large disparity in the wealth between you and your future partner.
You or your future partner will inherit a great deal of property.
You or your future partner intend to change your work-life balance with one staying home to attend to children and domestic issues.
A life-changing event with the health and care of a family member changes one of your careers and financial contributions.
Your and your future spouse want to preserve the spousal gift portability allowance for the other’s benefit.
BE AWARE!
The validity of a nuptial agreement is paramount to the agreement being effective. Nuptial agreements must be drafted and executed properly and only address issues permitted in a nuptial agreement in order to withstand potential legal challenges from the opposing party should implementing the agreement become necessary.
The Bales Law Firm has the knowledge of the financial issues and the understanding of the proper formulation and execution of the pre/postnuptial agreements to protect your interests should a division of previous and accumulated assets become necessary.
Additionally, The Bales Law Firm conducts revisions of existing nuptial agreements for change in life circumstances and reviews for conformity to required nuptial agreement execution.
“Whether drafting and executing a new agreement or reviewing an existing nuptial agreement, The Bales Law Firm provides legal knowledge to protect your future.”