Post-Nuptial Agreements in Galveston, TX
Most people are familiar with the idea of prenuptial agreements and their role in protecting an individual’s assets. You may be surprised to learn, however, that a similar agreement can be made while married. These post-nuptial agreements can help to smooth over complex financial situations and protect your interests in the event of a divorce in the future – and they are one of many family law services we can assist you with at Wilfried P. Schmitz & Associates, P.C.
What is a Post-Nuptial Agreement?
A post-nuptial agreement is a legal document detailing the terms of how assets will be allotted in the event that a marriage is dissolved. It works the same way as a prenuptial agreement, except it is drafted and filed after the marriage occurs. If you did not sign a prenuptial agreement but wish you had, or if your circumstances have changed since getting married, a post-nuptial agreement can help to protect your assets and financial interests.
Do I Need a Post-Nup?
A post-nuptial agreement is not right for every couple, but there are some cases when it makes good sense:
- If you wanted a prenuptial agreement for any reason but were unable to obtain one, a post-nuptial agreement can give you more peace of mind.
- If you co-own a business with your spouse but wish to protect an initial investment of premarital funds.
- You both have children from previous marriages and wish to clarify what assets are owed to which children.
Post-nuptial agreements are also useful for establishing parameters for protecting property with sentimental value. In a divorce, assets might be divided according to what a judge finds fair, not necessarily what is most meaningful or valuable to you. A post-nuptial agreement can help to prevent that situation.
If you are considering a post-nuptial agreement or are not sure if one is right for you and your spouse, you can contact us for a consultation. We will be happy to discuss your situation and help you create a plan that makes sense for your relationship and finances.