For many people, their wedding is one of the happiest moments in their life. However, there is certainly a significant amount of planning and preparation that must go into the event, and the time around the actual moment of saying “I do” can be highly stressful. Among the many details there are to sort out is the nuptial agreement, which is a legal contract between the two individuals that are to be married regarding how their assets and debts will be managed should the marriage be terminated due to death or divorce. Our experienced Texas postnup lawyer is here to help you and your spouse create an agreement that meets your specific needs.
This agreement can be made as a prenuptial, meaning before the marriage takes place, or a postnuptial after the marriage is confirmed. Although this part of the planning might not be as exciting as cake tasting or dress shopping, it is as important as any other part of the wedding preparation to decide if a prenuptial or postnuptial agreement is most suitable for you. Since 2013, our firm has been helping clients in Texas with their family law matters, and we have been recognized among the American Institute of Legal Counsel’s Top 10 for Best Client Satisfaction. To discuss your case with a member of your team, contact the Brandy Austin Law Firm today.
Understanding Prenuptial Agreements
Prenuptial agreements have several advantages and disadvantages. Prenuptials are most important when one partner has significant assets, is anticipating a large family trust, or either partner has children from a previous marriage. These agreements can be very helpful in the event that the couple splits up because instead of heated, intense arguments in a courtroom, the divisions of assets and other financial matters are already settled and agreed upon with no room for debate. They also outline how finances will be distributed in the event that one spouse passes away, which provides the grieving widow/widower the relief of having one less thing to worry about.
Unfortunately, prenuptials are not the most romantic excursion that a couple can take part in, and they can lead to uncomfortable feelings and situations for both parties. So, although there are several benefits to completing prenuptial agreements, it is not the most promising option for every couple.
Understanding Postnuptial Agreements
Another option for newly weds to consider as they are deciding how to split up assets and other finances is a postnuptial agreement. Postnuptials are similar to prenuptials in that they are both contracts created to divvy up possessions if the marriage were ever to be terminated, but postnuptials are established after the marital ceremony has taken place. Prenuptials are not usually necessary for young couples with few assets, so these couples may opt for postnuptials instead.
Postnuptial agreements are often made up to 10 or 20 years after a couple has been married, and they allow partners to postpone the awkward money talk until after their marriage has been certified.
Contact Our Attorney Today
So, given the choice between a prenuptial and postnuptial agreement, how do you decide which is the right choice for you? Our team is here to help you and your spouse make that decision. Contact the Brandy Austin Law Firm today to schedule a consultation.
