Many people believe that having a postnuptial agreement is like planning for a marriage to fail, when quite the opposite is true. In the United States, 50 percent of all marriages end in divorce. Frequently, those unions dissolve over financial issues and other matters that were never clearly delineated between the couple before they married. But postnuptial agreements can help assure that all parties are on the same page and working toward the same goals, after vows are exchanged.
A postnuptial agreement is similar to a pre-nuptial and that both are written contracts that define the ownership and distribution of a couple’s assets in case of divorce. The primary difference is that a postnuptial contract is written after a couple is married. The reason for writing the post-nuptial can be one or more of several common reasons ranging from amending a pre-nuptial to be changed in financial circumstances.
Family law experts suggest that writing legal agreements, even after tying the knot, can be very valuable. While after-marriage contracts don’t necessarily mean a divorce is anticipated, they can provide important protections, if a marriage does dissolve. In the same way that buying car insurance does not guarantee a car accident, post-marital contracts assure that you are prepared for any possibility.
Arranging post-marital agreements can be a valuable tool in improving or saving relationships, family attorneys say. When a couple experiences a tremendous amount of pressure from one person’s spending habits, for example, a formal arrangement to separate debt can be a marriage-saving solution. Additionally, important issues involving property rights, spousal support or what happens in the event of a death can all be addressed in the agreement, saving much stress. Even the process of bringing these and other important issues to the table can be key for resolving serious problems and opening up important lines of communication.
Many wonder why they should make such formal arrangements after a marriage has taken place. Actually, this may be the wisest and most equally beneficial time. Before being wedded, a couple may be less likely to see the realities of the union or the real struggles involved, and may take a contract less seriously. These agreements can also provide security for those who have experienced divorce before, and already see some problems that should be handled before they further affect the relationship.
Most people realize that even romance has practical elements and want to do all that they can to ensure a successful union. If a marriage does fail, post-nuptial arrangements can assure that the divorce is fair and equitable for both parties. When prepared by a reputed Austin postnuptial agreement lawyer, this type of agreement can be a tool to a lasting and happy marriage – or can even prevent a divorce from becoming a long, exhausting and costly court battle. Finding these lawyers has even been made simpler by law firms like Kirker Davis LLP who has just gone online and made it all available in just few clicks. Visit http://www.kirkerdavis.com/practice-areas/postnuptial-agreement/