Cumming Postnuptial Agreements Lawyer
Some people may think that postnuptial agreements are just for the affluent. However, there are numerous situations in which any type of couple could greatly benefit from the protection and peace of mind that a postnup could provide.
With the legal guidance of a Cumming postnuptial agreements lawyer, you may be able to create a mutually beneficial contract between you and your spouse that sufficiently addresses property division, spousal support, and more. Hiring a dedicated family law attorney could help you understand your legal options and protect your needs and interests in case of a divorce, separation or death.
What is a Postnuptial Agreement?
A postnuptial agreement is a contract signed by both spouses after they are already married. While the vast majority of postnups are concerned with insulating property from becoming a part of the marital estate, there are several other issues that a post-marital contract can resolve. These could include:
- Spousal support;
- Secure wills, trusts, and inheritance;
- Allocation of debt; and
- Confidentiality.
Talking with a local lawyer could be the best way to determine how a postnuptial contract could benefit both spouses.
What Situations Call for a Postnup Contract in Our Area?
After getting married, an individual could inherit property and assets, have a substantial increase in income, or be considering dissolution of marriage. A postnuptial contract could help them and their spouse resolve a few major marital issues that could arise from those changes in the future. Likewise, consultation with a skilled post-marital agreements lawyer in Cumming could help a party determine whether such a contract would work for them and their situation.
Inheritance
Perhaps the most common scenario that calls for a post-marital agreement is when one spouse inherits money, property, or a treasured family heirloom during their marriage. While the inherited property is considered a non-marital asset that would not get split in a divorce, it could become part of the marital estate if it becomes commingled with the rest of the family’s property. Crafting a postnuptial contract soon after inheriting the property, listing what was received, and designating it as non-marital property could ensure that the inheritance will stay under the recipient spouse’s control should their marriage end in divorce or death.
Increase in Income
Another common scenario that could lead an individual to draft a postnup agreement is when one spouse achieves a significant advancement or increase in income in the professional world. This sudden influx of money could change the dynamics of their marriage and warrant a contract to determine how spousal rights and assets should be allocated.
In Case of Divorce
Finally, postnuptial agreements could be useful for spouses who are concerned about what would happen in light of a divorce. By signing a postnuptial contract, a couple agrees to certain legally enforceable terms and conditions and must abide by them in the event a divorce occurs.
Meet with a Cumming Postnuptial Agreements Attorney
Divorce proceedings typically run much smoother if common issues are already discussed and addressed in writing, such as in a post-marital contract. When they are, the court has fewer things to resolve, reducing the conflict and the time spent in the courtroom.
If you and your spouse are interested in exploring this option for your marriage, reach out to a Cumming postnuptial agreements lawyer for the legal guidance you need. Our firm could help you draft a contract that works best for you and your family. Schedule a consultation today with a member of our team.
