Earlier this month, we talked about the importance of getting a Prenuptial Agreement, and why it can help your marriage to discuss your finances with your fiancé to ensure that you’re both on the same page before entering the marriage. This week, we’ll discuss the importance of keeping the prenup updated and accurate if life events change the outcome of the prenup, and we’ll also discuss the benefits of creating a postnuptial agreement with your spouse if you didn’t already create a prenuptial before your marriage.
Like a prenup, the postnuptial is a written contract executed after a couple gets married or have entered a civil union to settle the couple’s affairs and assets in the event of a separation or divorce. This agreement can be useful in a number of ways, such as if your current marriage is your second or third union and you have children from a previous marriage. Having a postnuptial agreement can ensure that in the event of a divorce, your children also receive some of the assets.
Another example is if one spouse has been unfaithful to the other; creating a postnuptial agreement can be a favorable agreement to show that both parties want to work on strengthening their marriage again. A postnuptial can also be useful if one spouse decides to become a stay at home parent instead of working. This protects the stay at home spouse financially should a divorce happen. Don’t miss part two of our postnuptial blog to learn more about the financial benefits of protecting your assets by updating your postnuptial agreement.
Edward Miley founded Miley Law Firm in 2002 and has continually provided exceptional legal aid as a divorce attorney in Las Vegas. If you or someone you know is looking for an experienced and professional family law attorney in Las Vegas, Nevada, Miley Law offers the first consultation free of charge. To learn more about Miley’s services, visit our website to make an appointment, or call at 702-942-0600.