Prenuptial contracts are agreements celebrated between two people before getting married to establish how will be distributed their goods and property in case of divorce or death of one of the spouses. These agreements constitute a common legal step that takes place before marriage and establishes the property and financial rights of each spouse in case they decide to divorce.
Celebrating a prenuptial contract is an effective way to protect the assets and secure the finances before the possible end of a marriage. Consulting with a good marriage lawyer will allow you to protect your interests and know all your rights.
The postnuptial contract is concluded after the couple has already married, but before they decide to end their marriage. It intends to specify and secure your assets in case of divorce, death, or even after obtaining profits or suffering considerable economic losses.
Advantages of prenuptial and postnuptial contracts
o Protection of the inheritance rights of the children and grandchildren of a previous marriage.
o If you have your own business or professional practice, you can protect that interest from being divided or subjected to the control or participation of your former spouse upon divorce.
o Protect the spouse from having to assume the obligations of the other.
o Ensure compensation for the sacrifice of giving up a lucrative career for marriage.
o Agree on the financial aspects of marriage, decision making, and sharing of responsibilities of the parties.
o Limit the amount of spousal support that one of the spouses will have to pay to the other when they divorce.
o Ensure the financial interests of the elderly, of those who enter into a second marriage or subsequent marriages, and of persons with considerable assets.
In short, both contract guarantees that the parties save the time and money they would spend in a long and tedious divorce process trying to agree on the division of property and avoid all the drama and emotional wear and tear that that means.
If you do not want a court to decide what will happen with your assets, you can enter into a prenuptial or post-nuptial agreement with the advice of our marriage lawyers, who will guide you throughout the process, giving you the advice you need.