A post-marital agreement is a legal contract that you and your spouse enter into after you’re married. It outlines how your property and assets will be divided if you decide to divorce. Think of it as a safety net that ensures clarity in the event of a split.
When is a Post-Marital Agreement Right for You?
There are a few situations where a post-marital agreement might be a good idea:
- To Protect Your Assets: If you want to keep certain assets separate, a post-marital agreement can make sure that what’s yours stays yours. This can be especially important if you have significant property, investments, or a business.
- When You’re Unsure About Divorce: If you and your spouse are going through a rough patch but aren’t ready to divorce, a post-marital agreement can help you divide your assets without ending the marriage. This can be a good option if you have children and want to keep things stable while you work things out.
- As a Follow-Up to a Prenup: If you already have a pre-nuptial agreement, a post-marital agreement can confirm and acknowledge how assets would be divided upon death or divorce. A post-marital property agreement that confirms the agreements made in the pre-marital agreement is often required to be signed after the date of marriage.
Why Consider a Post-Marital Agreement?
A post-marital agreement can offer several benefits:
- Clear Ownership: It clearly defines who owns what, reducing the risk of disputes later. You’ll both know exactly where you stand when it comes to property and finances.
- Simplified Divorce Process: If you do decide to divorce, having a post-marital agreement in place can make the process smoother and less stressful by pre-determining how assets will be awarded or divided.
- Peace of Mind: Knowing that your financial matters are sorted can help you focus on your relationship and other important aspects of your life.
How to Start a Post-Marital Agreement
If you’re thinking about a post-marital agreement, your first step is to speak with an attorney. They will explain your options and help you decide what’s best for your situation. This might include a property partition agreement or even addressing issues related to how to handle your estate upon death.
Contact an Experienced Dallas Family Law Attorney
At Paula Lock Smyth Law Offices, we know that protecting your assets and planning for the future is important. For more information or to schedule a consultation, contact us at 214-420-1800. Our office is located at 2911 Turtle Creek Blvd., Suite 300, Dallas, TX 75219.