Dallas-Fort Worth Prenuptial & Postnuptial Agreements Attorneys
Maintain Control of the Assets You Own
At Crain & Wooley, we understand that getting married is one of the most important decisions that you will make in your life, which is why our team of compassionate and knowledgeable legal professionals is here to help couples protect the hard-earned assets they are bringing into the marriage. If your goal is to avoid major disputes with your future or current spouse, then please get in touch with our prenuptial and postnuptial agreements attorneys to discuss how your marital assets and debts should be distributed if the marriage is dissolved in the future. Contact us today to learn more about how we can help secure stability for you.
What is the Difference Between a Prenup vs Postnup?
A prenuptial agreement is a contract that couple signs and agrees to before marriage. This outlines all the terms of divorce, in case that were to occur. A postnuptial agreement in simple terms is also a prenup, it is just created after the couple is already married.
Why Do People Use Prenuptial & Postnuptial Agreements?
The purpose of prenuptial and postnuptial agreements is to establish what assets will never become marital property. These types of agreements cover all of the items that would be addressed if the spouses were to separate or divorce and also override statutory estate rights and statutory requirements for beneficiaries on various accounts that a spouse would otherwise be entitled to.
The following issues can be addressed with a properly drafted prenuptial agreement:
- Which spouse will be responsible for paying alimony or spousal support
- Which spouse has the right to sell or lease real estate property acquired before or during the marriage
- Whether the spouses will be included or eliminated from a will
- How life insurance proceeds will be distributed
- Establishing care and support for children from a previous marriage
- Determining whether pre-marriage debt should be portioned or divided
What Are the Benefits of Prenuptial & Postnuptial Agreements?
Spouses who choose to use prenuptial and postnuptial agreements gain the following benefits:
- Couples must discuss sensitive financial matters, which can limit future misunderstandings
- Ease concerns if one spouse is worried the other is seeking to marry for financial gain
- Can save money and time on divorce matters
- Postnups can be used to address major life events, such as the death of a family member or an inheritance received by one of the partners
Drafting a premarital or postnuptial agreement without guidance from an experienced lawyer can be complicated. In order for the agreement to be valid, it must be in writing, signed by both parties, and include a formal Statement of Assets. Whether you need help drafting an enforceable prenuptial agreement or challenging the execution of a postnuptial agreement, you can count on our legal team to stand in your corner and advocate for your best interests.