PREMARITAL AGREEMENTS
Many couples shy away from premarital agreements as if they signal the inevitability of divorce. In reality, the opposite is true. The family law attorneys at Terry & deGraauw, P.C. can help you and your spouse create a prenuptial agreement that strengthens your marriage.
WHY GET A PREMARITAL/PRENUPTIAL AGREEMENT?
Contrary to popular belief, a prenuptial agreement does not insinuate you are expecting a divorce. Instead, it provides the opportunity to approach the future in a well thought out and mature way. Similar to insurance, prenuptial agreements can help protect your interests:
- You can protect your children’s inheritance rights.
- You can protect your business assets.
- You can protect assets like pensions and real estate.
- You can protect intangible assets.
The content in prenuptial agreements vary according to the couple’s wishes, assets and liabilities. Most prenuptial agreements include provisions of property division in the event of divorce. One of the advantages of prenuptial agreements is that you settle certain issues ahead of time so in the event of divorce, you can accomplish an agreement quickly and cost-effectively.
To be valid, your premarital agreement must meet certain requirements under New Mexico laws such as:
- Prenuptial agreements in New Mexico must be in writing.
- Prenuptial agreements must be executed by both parties in the marriage.
- The prenuptial agreement cannot be unconscionable or grossly unfair.
POSTNUPTIAL AGREEMENTS
Postnuptial agreements can prevent disputes over money by allowing you and your spouse to agree upon financial matters before disputes arise. They also spell out what will happen if your marriage ends in divorce. Otherwise, you could find yourself enduring expensive litigation in the event of divorce.
A postnuptial agreement performs the same functions as a prenuptial agreement but is established after your marriage. Couples usually choose postnuptial agreements after a career change, a significant change in financial status or a substantial inheritance. Like prenuptial agreements, a postnuptial agreement can:
- Protect your assets.
- Avoid costly disputes in the event of divorce.
- Define marital property and separate property.
- Protect the interests of children from a previous marriage.
Properly drafted, a prenuptial or postnuptial agreement can define your marriage and protect the interests of you and your spouse. With the guidance of an experienced lawyer, a postnuptial agreement can provide a practical, easy solution for preventing future disputes over financial issues.
CHALLENGING A PRENUPTIAL OR POSTNUPTIAL AGREEMENT
The attorneys at Terry & deGraauw, P.C. work to minimize the chance of your prenuptial or postnuptial agreement being challenged. We are seasoned attorneys who have experience creating marital agreements for high net worth clients. Our attorneys also litigate inequitable and improperly executed prenuptial agreements. To challenge a prenuptial agreement, you need experienced counsel at your side. We have considerable experience challenging premarital agreements and can give you a thorough evaluation of the strengths and weaknesses of your premarital contract at any point in your marriage.