Prenuptial and Postnuptial Agreement Lawyers / Attorneys in Allentown, Bethlehem & Easton, PA
Protecting your Financial Future in the Case of a Divorce
No one gets married planning on getting divorced. However, when two people get divorced and there is a great difference in their financial standings, it's become increasingly common for them to arrange a marital agreement (often referred to as a "pre-nup"). The basic idea around a prenuptial agreement is that there is some reason to depart from the traditional calculations for asset division and alimony or spousal support.
At Saltzman & Gordon we can help you create a marital agreement that meets your needs and helps you maintain control of your assets in the event of a divorce.
While many people think that marital agreements are cold and calculating, that isn't necessarily the case. Marriage, while based on an emotional bond, is also a sort of business contract insofar as it can have drastic financial consequences. Marital agreements simply aim to put parameters around what will happen in the event of a divorce.
Prenuptial and Postnuptial Agreements
A prenuptial agreement is created before the marriage. It essentially pre-arranges how assets would be divided and how on-going support would be handled in the event of a divorce. Prenuptial agreements are common when two people getting married are in drastically different financial situations. However, they are not reserved strictly for rich people. Any asset that would otherwise become marital property such as a family cabin or farm could potentially be protected with a prenuptial agreement. Prenuptial agreements may also protect assets meant for children with respect to couples engaging in second and subsequent marriages.
Postnuptial agreements is basically the same thing as a prenuptial agreement except for they are agreed to after the marriage has begun. In some cases, couples who are anticipating going through a divorce but would like to arrange financial terms for after the divorce would do so with a postnuptial agreement. A financial agreement that is created after a separation but before a divorce is referred to as a separation agreement but again, deals with the financial relationship after the marriage has ended.
If you are considering drafting a marital agreement, it's critical that you have experienced legal expertise working to protect your interests. Whether you are drafting, or being asked to sign a prenuptial or postnuptial agreement, our Allentown family law attorneys can help you understand the short and long-term implications of entering into any marital contract.
To speak with one of our marital contract lawyers in our Allentown office, call 610-435-6300. We work with clients throughout Lehigh and Northampton Counties and look forward to helping you through your family law issue.