Prenuptial Agreements in Colorado
With more than half of marriages in the United States ending in divorce, you might want to consider establishing a prenuptial agreement before you get married. A prenuptial agreement is a written agreement signed by you and your future spouse that outlines the future of your finances if you divorce. During a divorce proceeding, assets are divided into two categories, joint and separate. Any joint property is then evaluated and divided between you and your former spouse.
To avoid the complications of the asset division process, a prenuptial agreement can describe which assets will be considered joint property and which assets will be considered separate property in the event your divorce. Prenuptial agreements may protect the income of a financially successful spouse, too. If you make significantly more money than your future spouse, you may lose a substantial portion of your income during the asset division process if you file for a divorce. To protect your income, write an agreement with your future spouse that protects the future of your financial assets.
If you are considering marriage, the idea of signed paperwork referencing divorce may not appeal to you, but it is important to secure your assets. Life is uncertain, so it is best to be prepared for life events you cannot anticipate. Signing a prenuptial agreement does not lead to divorce; rather, it acknowledges that many marriages do not last. Furthermore, a prenuptial agreement minimizes or eliminates the need for litigation in the event of a divorce, promoting peace of mind during the marriage and at the end of a marriage. Additionally, remember that prenuptial agreements are not reserved for the wealthy. People from every level of the economic strata can benefit from the security of a prenuptial agreement.
Postnuptial Agreements in Colorado
Unlike prenuptial agreements, postnuptial agreements may be written and signed during the course of your marriage. Like prenuptial agreements, postnuptial agreements are useful for securing your financial assets and protecting your income in the event of a divorce. Postnuptial agreements may include instructions in the event of your or your spouse's death, such as provisions for preexisting children or potential future children.
Feldmann Nagel Margulis is a top-rated family law firm in Colorado, and we have a breadth of experience and knowledge regarding prenuptial and postnuptial agreements. We can help you and your spouse determine which assets should be included in your agreement and how you will divide your estate. We can manage this sensitive process and help you and your spouse reach an agreement that protects the interests of all parties involved. Contact us today!