When getting married in Texas, no one wants to think of the scenario in which the union ends in a divorce. Given the number of marriages that do end in divorce, it is naturally something to consider even in the most storybook of romances. The sad fact is that many marriages will come undone and the couple will find it necessary to part ways. At the end of a marriage, there are many issues – financial and personal – that have to be considered. Some couples take the step of having prenuptial agreements to protect them. Others think about postnuptial agreements.
Regardless of the situation whether it is a couple that wants to protect themselves because of significant assets or there is just a desire to make certain there will be no need for a long string of problems if the marriage doesn’t work out, prenuptial agreements and postnuptial agreements can be beneficial. In some instances, there has been more than one marriage in a person’s past and the protection of children and former spouses from the previous unions come to the fore. In others, the person who is getting married is a prominent person in the entertainment field, in sports or business. New marriages can be fraught with peril and it is key to protect oneself and any adult children.
A prenuptial agreement can lay out exactly what will be divided and who will receive what after the divorce. A postnuptial agreement is also a way to provide protection as the situation in the marriage changes. There can be unexpected factors arising to alter the landscape. If there is a spousal support issue when a significant amount of money and property was gained and lost after the marriage began, a postnuptial agreement can be beneficial to address it.
Illness, disability and life changes are also factors that arise making these agreements not just viable, but necessary. Those who are considering marrying or divorcing and are worried about how the assets will be divided need to have a strong legal foundation and help. Speaking to a legal professional experienced in property division, prenuptial and postnuptial agreements is a smart choice for many. We at Gunnstaks Law Office stand ready to educate people in this situation and provide legal assistance if necessary.