Bel Air Postnuptial Agreement Lawyer
Similar to a prenuptial (or prenup) agreement, postnuptial agreements serve to protect the couple’s finances during the marriage. The difference is that a postnuptial agreement is signed during the marriage, whereas a prenup is created before the marriage begins. Our attorneys have more than 55 years of combined experience in family law, and will be able to answer any questions you have concerning postnuptial agreements. We encourage you to reach out to the Bel Air and Columbia law offices of Schlaich & Thompson Chartered for legal assistance today.
Should We Sign a Postnuptial Agreement?
There are many reasons for a couple to enter into a postnuptial contract. If you have concerns regarding any of the following, a postnuptial agreement may be right for your marriage:
- Debt incurred by one of the spouses;
- Future inheritance;
- Wishes to leave property to children of a prior marriage;
- Property distribution during a potential divorce.
Protecting One Spouse From the Other’s Debt
When most people think of prenuptial or postnuptial agreements, they think about the greed of a very wealthy spouse not wanting to share their wealth with the other in the event of a divorce. However, this is often very far from the truth. Postnuptial agreements are commonly used to protect one spouse from the other’s financial past. Personal debt is one of many quickly growing concerns in society. Almost all people are in some sort of debt, whether that has to do with credit card debt, a home or auto mortgage, or another type altogether. Sometimes, it makes financial sense to create a postnuptial agreement if one spouse has a lot of debt from before the marriage (such as student loans), or is about to incur massive debt during the marriage for a medical problem or business venture. After all, the average student who graduated in 2016 left college with $37,172 in student loans, according to Student Loan Hero.
Postnuptial Agreement vs. Prenuptial Agreement
Postnuptial agreements are becoming more popular than ever, according to Bloomberg. Spouses are even using them to keep a failing marriage from totally falling apart. For instance, if a husband cheats on his wife, she may demand a postnuptial agreement in order to stay with him. Whether you lacked the time or foresight to get a prenuptial agreement, or something happened during the marriage to spur the necessity of a postnuptial agreement, such as a cheating spouse or the news of a large future inheritance, a postnuptial agreement may be a good option.
Consult With One of Our Experienced Lawyers Today
Many couples are opting for postnuptial agreements these days. With debt soaring ever higher and dozens of other valid reasons to create a postnuptial agreement, we implore you to seek protection for yourself and for your spouse by contacting the experienced Bel Air and Columbia attorneys with the law offices of Schlaich & Thompson Chartered today.