Prenuptial Agreements and Marital Settlement Agreements

Protecting Your Assets and Financial Interests Moving Forward

As people begin marrying later in life, after they have begun their careers and started businesses, the popularity of prenuptial agreements has increased. While not the most romantic legal document out there, prenuptial agreements (sometimes referred to as “prenups”) are important tools for couples to protect their various interests in the event of a divorce. 

In addition to financial assets, spouses might choose to enter into these agreements to protect themselves from the other’s debts, ensure children from a previous marriage are taken care of, or to delineate items of sentimental value as separate (and not community) property. Prenuptial agreements come into effect as soon as couples tie the knot. 

Conversely, some couples may choose to effect a marital settlement agreement if a spouse files for divorce. These agreements are generally legally binding and should cover all areas of post-divorce life, including spousal maintenance, child support, insurance coverage, property division, and other areas. Even if you and your spouse generally agree on terms, you should still have a knowledgeable family law attorney help you draft this document.

If you or your spouse are interested in coming to a mutual agreement on post-divorce life, contact Monahan Law Firm to begin working on your case.