Prenuptial and Postnuptial Agreements in New Hampshire
Legal agreements between a couple before or during a marriage can be highly personal and complicated. Prenuptial and postnuptial agreements can impact the lives of a couple immediately and in the future. Any couple venturing into an agreement before the wedding or after should have individual legal representation to ensure fairness and to ensure the rights of both parties are respected.
Both agreements should be entered into only after his or her legal representation has reviewed the agreement and effectively negotiated any points of contention. The wishes and concerns of both parties should be made clear and both parties should feel protected as the agreement is drafted and implemented.
A prenuptial agreement is drafted before the marriage. The agreement typically outlines financial matters, such as a settlement if a divorce occurs. Prenuptial agreements can also affects the rights of spouses upon the death of their spouse. For some, a proposed settlement or alimony plan may increase as the marriage lasts past certain milestones. An outline of premarital property may also be included. If one party owns a business, a prenuptial agreement may establish that business as separate property not to be divided. More personal matters, such as who will pay certain bills and certain expectations, may also be outlined. Regardless of financial standing before a marriage, a prenuptial agreement may outline expectation of future wealth through an inheritance or investments. This agreement is essentially meant to ensure both parties are on the same page before a marriage begins.
A postnuptial agreement is drafted during the marriage and is designed to set terms which would ensure the marriage continues to go forward. As a marriage evolves, there may be situations that need to be addressed. If one party decides to begin a business or invest in a business and the other spouse doesn’t want to be responsible for the liability, a postnuptial agreement can outline that kind of plan and protection. If major lifestyle or financial changes occur, a postnuptial agreement may address those changes and how each party will be impacted. Budget issues and marital responsibilities may also be addressed in a postnuptial agreement. Another example may be if one party wants to stay home to raise a family and gives up a lucrative career as a result, an agreement may promise compensation for that lost income if a split occurs or as finances allow in the future. The purpose is to generally protect the relationship and the individuals involved.
Both agreements can be customized as a couple sees fit. If you need either or want guidance before entering into either a postnuptial or prenuptial agreement, it is vital to have trusted and experienced counsel from the Law Office of Joseph M. Annutto by your side. Our lawyers can protect your rights and negotiate the fairest agreement for your situation. These agreements are also highly personal and require discretion and sensitivity. Our lawyers can be your source for support, understanding and comprehensive representation as you move forward with a prenuptial or postnuptial agreement.
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