Houston Postnuptial Agreements
A prenuptial agreement helps couples to simplify the division of property and protect their assets or investments in the event of a divorce or
separation. However, not every couple has the opportunity to file a prenuptial agreement prior to marriage. Additionally, circumstances can arise within a marriage that make the creation of a financial agreement a wise choice. In these situations, a postnuptial agreement may be appropriate.
The family law office of Wilfried P. Schmitz & Associates, P.C. can assist with the development and filing of postnuptial agreements.
When Do You Need a Postnuptial Agreement?
A postnuptial agreement works in much the same way as a prenup: It details how property or assets are to be divided in the event of divorce. They can be created at any point during a marriage. There are a few occasions when creating a postnuptial agreement makes good sense:
- You and your spouse enter a marriage with children of your own, then have children together. The postnuptial agreement can help to delineate the ownership of assets between children.
- One spouse invests a substantial amount of his or her own capital into a business venture. The business itself may be owned jointly by spouses, but the initial investment could be protected by a postnuptial agreement.
- Something has changed within your marriage and you wish to ensure financial protection. For example, one spouse leaves the workforce to be a stay-at-home parent; a postnuptial agreement can guarantee some financial security and peace of mind about this decision.
Every couple’s situation is unique, and it’s always a good idea to discuss your individual needs and goals with an experienced attorney. This will allow you to make the best decision for your financial future and create a plan that works for your needs.
Houston Family Law Services
If you need assistance with family law issues in the Houston area, Wilfried P. Schmitz & Associates, P.C. is here to help. Contact us today to schedule a consultation or to learn more about the legal services offered by our firm.