Asheville Prenuptial Agreements Attorneys Protect Assets
Comprehensive divorce lawyers draft and enforce marital agreements
Montford Family Law works with couples who wish to establish the terms of a settlement agreement either before or after they are married — in the event that they later decide to divorce. While these kinds of agreements are often frowned upon by society, working out a prenuptial (premarital) agreement before marriage or a post-nuptial agreement after the fact can be very practical.
Working out the terms of a potential settlement in advance — especially if your joint and separate assets are complex and/or vast — allows you and your significant other to decide for yourselves how you wish your assets and debts to be divided.
Even though you are working on your agreement as a couple, it is important that each individual has his or her own family law attorney in order to protect each party’s rights. You will also want to make sure that your agreement with your fiancé or spouse is drafted correctly in the event that you do get divorced. Premarital and post-nuptial agreements are legal contracts that are enforceable by law and can prove challenging to contest later.
Terms of a prenuptial agreement
A prenuptial agreement addresses in specific terms many matters, including the following:
- Who gets what assets in the event that you decide to end your legal union
- How finances and assets will be handled during the marriage
- Spousal support terms
- Any business ownership issues
- What to do with your estate in the event that one of you dies
- The handling of gifts, inheritances or trusts
- Benefits and disability and insurance coverage
A comprehensive prenup can help avoid disagreement or conflict later on.
Terms of a post-nuptial agreement
Once a couple marries, they can no longer execute a pre-nuptial agreement, but they are still entitled to enter into a valid and legally-binding contract in which they determine many of the issues that would have been set forth in a pre-nuptial. It is important to understand that post-nuptial agreements are made while the married couple is in good standing and not at a time when separation is imminent. Married couples who have decided to create post-nuptial agreements are considered fiduciaries of each other, and they are therefore required by law to provide each other with full disclosure of all information and issues pertaining to the drafting of the post-nuptial agreement. The terms that can be settled by a post-nuptial agreement are similar to the ones included in a prenuptial agreement.
Challenging and enforcing prenuptial and post-nuptial agreements
In the event that you have signed a prenuptial or a post-nuptial agreement that you now wish to challenge because your spouse did not disclose all of his or her assets or debts, you were unfairly pressured into signing the agreement, or you were deceived into signing the contract, we will help you challenge the terms of a defective prenuptial or post-nuptial agreement and, if necessary, litigate your matter in court.
We also represent clients who wish to enforce the terms of their prenuptial or post-nuptial agreement that a soon-to-be ex-husband or ex-wife may now wish to contest.