A Postnuptial Agreement is a written contract entered into by spouses after they are married. The terms of a Postnuptial Agreement dictate how a couple’s assets and debts will be divided in the event of a divorce. The Postnuptial Agreement may address how the couple’s separate and joint property, acquired prior to or after the marriage, will be divided and often times addresses spousal support and business interests.
What Does a Postnuptial Agreement Cover?
- Spousal Support
- Designate what assets and liabilities are considered separate or community property, including labeling property that would normally be considered community as separate, and vice versa;
- Allocate how each spouse’s earnings are used;
- Which spouse is responsible for filing tax returns, paying certain expenses, or handling other financial responsibilities;
- How to handle property, income, expenses, and debts if the marriage ends;
- Determine how the spouses will allocate income if one party is disabled;
- Agree to pay more or less than what could be ordered by the court in the event of a divorce;
- Determine how the parties distribute community property in the event of a divorce;
- What to do with certain assets if a spouse passes away.
If you want to explore creating a postnuptial agreement, contact Jacovino Law. Our family lawyers help clients with wealth and complex assets to protect their financial interests. Our attorneys are effective and can help you create an agreement that protects your financial interests and gives you confidence. Contact us at (702) 776-7179 or schedule a consultation online at https://jacovinolaw.com/schedule-a-consultation/.