Boulder Postnuptial Agreement Attorney
Protecting Your Property After Your “I Do”
No matter how long your engagement was, it likely passed in the blink of an eye. These fleeting premarital periods often leave couples without sufficient time to draft a prenup that they feel protects both of their interests. Luckily, there is still time to create an equally protective postnuptial agreement.
Call Barre M. Sakol, P.C. for help drafting your postnuptial agreement in Boulder: (720) 999-9506.
The Difference Between a Prenup and a Postnup
Prenuptial and postnuptial agreements offer nearly identical protections. Both documents can modify, affirm, or waive certain legal rights to marital and separate property. The main differentiator is when the agreement is drafted.
The Difference Between a Postnuptial Agreement and a Separation Agreement
Postnuptial agreements are most frequently made after spouses agree to stay together, but simply want to lay the groundwork to better protect their individual wealth. Separation agreements, on the other hand, are made when a couple reaches the decision to end their marriage.
Requirements for Marital Agreements
Prenuptial and postnuptial agreements must adhere to certain guidelines in order to be accepted and enforced. These documents must:
- Be entered into voluntarily
- Be made after each partner made a fair disclosure of their debts and assets
- Be written and signed
- Contain notice of the rights that are being waived through the document
- If they include amendments, they too must be written and signed
- Not be unconscionable at the time of enforcement
The postnuptial agreement will become enforceable once it has been signed by both parties.
The Benefits of a Postnuptial Agreement
A postnuptial agreement gives couples an additional opportunity to protect their assets after their marriage. It offers several benefits, including:
- Financial security in the event of divorce
- Predetermined asset division, which makes for a smoother divorce process
- Protection for assets intended to be passed on to children from a previous marriage
It’s not too late to protect your wealth and future. Contact Barre M. Sakol, P.C. for help today.
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