Manhattan Postnuptial Attorneys
There are any number of situations and circumstances that may call for couples to enter into a postnuptial contract or agreement. Very similar to a prenuptial agreement and sometimes referred to as an “after-marriage contract,” a postnuptial serves to protect both parties by ensuring division of finances and assets can be handled more smoothly should the need arise. In addition to issues like infidelity or divorce, there are a number of other situations where a postnuptial contract may be of benefit.
Spouses who choose to remain at home in order to make child rearing their top priority and to better manage the household are often totally dependent on the income of their significant other. Trying to calculate the monetary value of such efforts can often be quite difficult, especially after years or even decades. Having a postnuptial can ensure that, in the event of a divorce or separation, financial restitution as well as the partition and division of all assets and funds can be managed without the added expense and emotional exhaustion of a protracted legal battle.
Conflict Over Financial Assets
Sharing financial assets with a spouse can often be a more difficult endeavor than many individuals might expect and a divorce is not the only situation which may trigger conflict over finances. Income discrepancies which may develop over time, poor investments and even impulsive purchases can all create many problems. A concise and legally-binding legal contract can help to minimize the potential for fights, arguments and other forms of conflict which may occur at some point in the future. Fighting about money can be absolutely toxic to a marriage and many couples stand to benefit by signing a postnuptial agreement.
Issues Stemming From Business Ownership
Business partnerships and ownership is another issue that married couples would do well to consider. Fighting for ownership of a venture that was founded after the marriage is not uncommon during a divorce proceedings. Legal battles involving the future of a business can be very damaging to even larger and well-established organizations. Having a post-nuptial contract in place can provide peace of mind to both spouses, other business partners as well as any employees or associates who may have a vested interest in the future of an enterprise.
Inheritance, Lotto Winnings and Other Financial Windfalls
Many couples mistakenly assume that possessing only limited financial assets leaves them with little reason to sign a prenuptial contract. Unexpected windfalls like winning the lotto or receiving a large inheritance can quickly change the financial dynamic of a marriage. Seeking out legal assistance in order to create the right after-marriage contract can often be a prudent course of action, especially for couples who may find themselves dealing with a sudden influx of money. A legally-binding contract is often the only way to avoid a messy battle over funds and assets in the event that a couple decides to separate or divorce at some point in the future.
Minimizing Stress and Anxiety During a Separation
Dealing with a divorce can be a difficult and exhausting ordeal, but having a postnuptial contract can often go a long way towards minimizing much of the stress and anxiety involved. Uncertainty regarding the future is very common during a separation, but knowing that financial concerns are less likely to become an issue can provide a great deal of comfort. Speaking with an attorney regarding the various options available and how to go about creating a contract can be an important step. Even couples who feel they have limited finances or little reason to oppose each other in the event of a divorce would do well to investigate their options.
Seeking the Best Representation
Seeking out and retaining independent counsel for each spouse is often essential for ensuring that a prenuptial or postnuptial contract is able to be as effective as possible. Not all firms may be equipped to provide the quality of service and representation that may be required to create a contract or reach an agreement. Scheduling an initial consultation with a qualified legal expert, one who possesses a superior background and the right expertise, can provide prospective clients with the insight and information they need in order to make more informed and effective decisions.