Top Five Reasons to Get Postnuptial Agreement in AL
A postnuptial agreement is a contract between two spouses after entering into a marriage that outlines the ownership of financial assets if the couple were to get a divorce. In contrast, a prenuptial agreement is a contract that a couple enters into before they get married. There are a variety of different reasons why a couple would decide to have a postnuptial agreement after they have been married. Making the decision to have a postnuptial agreement does not mean that there are issues in the relationship, oftentimes the agreement is best for both parties involved. Postnuptial agreements cannot address any issues regarding child support or child custody. They can help immensely in making sure both spouses protect their assets in a future contested divorce in Huntsville, Alabama.
One common example of when a couple consider a postnuptial agreement is when one of the spouses receives a large inheritance. This can change many aspects of the relationship in terms of the couple’s finances. This often happens when the inheritance is unexpected and when it is a large amount of money or assets. This is often a good time to consider a postnuptial agreement to keep the newly inherited assets protected in the case that the couple splits up.
Another common reason that people will consider a postnuptial agreement is when one of the spouses has children from a previous relationship. A postnuptial agreement is a great way to pre-determine the share of assets your spouse will receive in the event of an easy Jefferson County divorce or death. Therefore, this will ensure that your children will receive the inheritance that you want them to have.
One simple reason that many couples decide to have a postnuptial agreement is because they neglected to get a prenuptial agreement before they got married. This happens when couples wanted a prenuptial agreement but for some reason never got around to doing it before they got married. A postnuptial agreement gives the couple the opportunity to detail how the property and assets will be distributed.
Another common reason that causes couples to have a postnuptial agreement is simply that circumstances have changed somewhere throughout the marriage. This can be a wide variety of things. Marriages can be very complex and complicated, whether it be children or changes in the couple’s financial situation, changes occur and sometimes a postnuptial agreement is the best way to protect each other’s individual rights.
The final and one of the more common reasons for a postnuptial agreement is that couples are arguing over money or having financial issues. The postnuptial agreement forces the couple to come together and make an agreement regarding their financial situation. Disagreements about money are one of the leading causes of online divorces in Huntsville and a postnuptial agreement gives the couple the chance to come to an agreement to ensure that each of their individual rights are protected. A postnuptial agreement can help to prevent future arguments regarding the couple’s financials.
Attorney Steven A. Harris regularly blogs in the areas of family law, bankruptcy, and real estate closings on this website. He is always available in any of the firm’s offices or by phone anytime for a consultation. Mr. Harris tries to provide informative information to the public in easily digestible formats. Hopefully you enjoyed this article and feel free to supply any feedback. We appreciate our readers and love to hear from you!
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