Prenuptial and postnuptial agreements can be important considerations in certain circumstances.
PRENUPTIAL AGREEMENTS
A prenuptial agreement is negotiated and executed by the parties prior to marriage. The agreement typically outlines how the parties’ separate property and marital property will be allocated in the event of divorce. It may also address other issues such as alimony payments and estate planning.
POSTNUPTIAL AGREEMENTS
A postnuptial agreement serves the same purpose as a prenuptial agreement; however, it is negotiated and executed after the parties are married. Similar to a prenuptial agreement, a postnuptial agreement typically outlines how the parties’ separate property and marital property will be allocated in the event of divorce. It may also address other issues such as alimony payments, estate planning and how certain expenses are paid during the marriage.
When prepared correctly, prenuptial and postnuptial agreements can alleviate a long and contested divorce. Levine Smith Coburn & Koslin attorneys are skilled in drafting prenuptial and postnuptial agreements. In addition, we have experience in litigating the enforceability and non-enforceability of prenuptial and postnuptial agreements.