Pre and Postnuptial Agreements
Pre and Postnuptial Agreements
While certainly not the most romantic topic, it is wise for anyone who is seeking to marry or live with another person to obtain a marital or cohabitation agreement. Also known as prenuptial or postnuptial agreements, these documents provide protection for each person’s assets and can clarify and outline the expectations and responsibilities during the relationship.
Prenuptial agreements and postnuptial agreements create a framework for handling money and property issues during the marriage, and most notably, how to divide property if the relationship is ended.
If the relationship should end, a marital agreement can make divorce much easier and substantially less expensive. Good planning and communication early in the relationship can assist the parties in future communication. As well as simplify any possible divorce or separation.