Premarital Agreements and Postmarital Agreements
A prenuptial agreement helps spouses resolve ownership issues before they even become a problem. If you’re marrying later in life, have a previous marriage, children from a past relationship, or significant property or assets, you may want to draft a prenuptial or postnuptial agreement.
Contact an attorney at Craig Associates, P.C., to learn the importance of postnuptial and prenuptial agreements. We will gladly draft agreements for people throughout Asheville and Greensboro, North Carolina.
Premarital Agreements
The purpose of a prenuptial agreement is for both parties to define the assets of one or both spouses, and to recognize that these assets are not part of the marital estate. By labeling this as separate property, you will prevent the equitable distribution of that property should a divorce.
Prenuptial agreements settle property disputes before a heated marital separation or divorce. This is particularly important for people with obligations to a previous marriage or significant family assets. If you are engaged in a business with other parties, consider including these interests in the business within a prenuptial agreement. Otherwise, your business interests may be subject to equitable distribution upon divorce.
Postmarital Agreements
If you’ve already gotten married, it’s not too late to settle any future differences regarding property ownership. A postnuptial agreement ensures you and your spouse understand each other's liability, obligation, and responsibility. It is important to agree to these issues before any disputes can arise.
It is critical that these documents reflect an accurate interpretation of your intentions. A court can overturn postnuptial and prenuptial agreements if it finds a party committed duress, fraud, misrepresentation, or non-disclosure.
If you have questions about a postnuptial and prenuptial agreement, contact a lawyer at Craig Associates, P.C. We draft agreements for people throughout North Carolina, including those in Winston-Salem, Raleigh, and Charlotte.
