Agreements Lawyers in Boca Raton Solidifying Your Future
There are a few types of agreements that come into play during a divorce. The first is a marital settlement agreement in which you and your spouse spell out the details of the divorce, including things like the division of assets, alimony, child support, attorney’s fees, and costs, and for those that have children a workable co-parenting plan.
What Goes Into a Prenuptial Agreement?
A prenuptial agreement is agreed upon by you and your fiancé before marriage. It covers issues in the event of a divorce or death and can alleviate the need for litigation later. Often times prenuptial agreements are a chosen way for couples who have already acquired assets or who may want to protect certain family trust and assure that each party knows what each would receive in the unlikely event of divorce.
What are Some Other Types of Agreements?
There are other types of agreements that might apply to you, such as an annulment, which invalidates the marriage after it takes place. Or a cohabitation agreement where both parties want to protect themselves and each other legally even though not married.
What is a Postnuptial Agreement?
A postnuptial agreement is similar to a prenuptial agreement, but it takes place after marriage. For example, if either party inherits a large sum of money during the marriage and the spouses want to protect that money, so it stays with the intended recipient, they may draft a postnuptial agreement to protect it. Other times parties enter into postnuptial in an attempt to resolve who gets what and instead concentrate their efforts on working on their relationship. The clarity of knowing who gets what eliminates many aspects of the divorce process and can make for a smoother transition.
Why are Nuptial Agreements Beneficial?
Yaffa says, “nuptial agreements are one of my most favorite things to work on as I am a strong believer in assuring parties avoid long drown out litigation. While not always the most romantic of subjects, it is truly a good idea to consider both before and after marriage, saving marriages and resolving issues.”