When one or both people getting married have large assets, they may choose to work with a family law attorney to get a pre-nuptial agreement. However, in some cases they may choose a post-nuptial agreement instead. Read on to learn three reasons they may choose this. If you are considering either option, contact Law Offices of Torrence L. Howell at (909) 920-0908 for a case evaluation.
1. Couples Find a Prenuptial Agreement to Be Unfair and / or Uncomfortable
One of the top reasons that a couple will elect to skip a prenuptial agreement is because it makes them feel uncomfortable or they think it is unfair. The truth is that these agreements can indeed have a negative reputation. It is not unreasonable for a couple to find it distasteful, as it seems like an ultimatum. In some cases, the couples decide to commit to each other first and then sort out the legal aspect.
2. There Was Not Reason to Do So Before the Wedding
In some cases, neither member of the marriage may have been well off before the marriage, or both may have been on equal financial footing. If someone makes a lot more money after the wedding, if one of them starts a business, or if there are other significant changes to their economic lives, then a postnuptial may be signed. It may also be that the couple simply learned the other’s economic habits and feels that they need a postnuptial agreement to protect them.
3. A Postnuptial Can Be Used to Cancel out a Prenuptial Agreement
When a prenuptial agreement is signed but the situation changes, the couple may need to modify said agreement. This may be done via a modification to said prenuptial agreement, or a postnuptial agreement may be drawn up. In the event of the latter, the prenuptial agreement is then null and void.
Is a Prenuptial Agreement the Right Choice for You?
If you are about to get married, it is worth at least considering filing a prenuptial agreement. It will not only work to protect your assets, it will make the process much simpler if you do not end up spending the rest of your lives together.
In the event that you have already married and have started to realize that you should have had a prenuptial agreement drawn up, or you did have it drawn up but need to change it, a postnuptial agreement may be the best choice. Call Law Offices of Torrence L. Howell at (909) 920-0908 now for a free legal consultation and to learn more about your options.