Prenuptial AgreementWhat is a Marital Agreement?
A marital agreement is a legal contract that couples enter into to determine how their assets would be divided upon separation. These agreements can take different forms:
Prenuptial Agreement (Prenup):
A prenuptial agreement is a document that couples sign before getting married. It typically addresses the division of assets and debts in the event of a divorce.
Postnuptial Agreement (Postnup):
A postnuptial agreement is created after legal marriage. Couples may choose to draft postnups for various reasons such as a change in financial status, inheritance, second marriages, or relationship conflicts.
How do I get started with creating a Marital Agreement?
Creating a marital agreement involves thoughtful planning and open communication. Whether you're considering a prenuptial agreement (prenup) before marriage or a postnuptial agreement after marriage, here are the steps to get started:
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Talk to Your Partner
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Create Lists of Assets and Debts
- Consult a Colorado attorney experienced in Prenuptial and Postnuptial Agreements
A well-crafted marital agreement can provide clarity, protect your interests, and promote a healthier financial future for both partners. It's an essential step in planning for the long term.
Who needs a Prenup?
A prenuptial agreement is not just for the wealthy—it's a practical tool for anyone who wants to protect their financial interests and plan for the future. If you're wondering whether you need a prenuptial agreement (prenup), consider the following scenarios:
Inheriting a Family Business: If you're inheriting a family business, a prenup not only provides peace of mind but also ensures that the business ownership structure remains intact.
Children from a Previous Marriage: If you have children from a previous marriage, a prenup can address how assets will be distributed to them.
Significant Debt: If either partner enters the marriage with substantial debt, a prenup can outline how that debt will be handled, protecting the partners financial well-being.
Unequal Incomes: When partners have vastly different incomes, a prenup can ensure fairness as it relates to spousal support (alimony).
Business Ownership: If you own or co-own a business, a prenup can safeguard its assets and prevent complications during divorce.
A well-crafted prenup can provide clarity, protect assets, and minimize future conflicts. An experienced prenup lawyer in Denver will guide you through the process of drafting a comprehensive prenuptial agreement, ensuring that the agreement aligns with your goals, protects your interests, and complies with Colorado law.
Contact Karen McGovern Law, LLC in Colorado Today
Getting the legal help you need is right at your fingertips. Contact us today to schedule a consultation. We will discuss your case, explain your options, and help you determine your next best steps.