Prenuptial and postnuptial agreements are perhaps the best way to circumvent unnecessary heartache and complications in divorce. Many individuals seek out prenuptial attorney specialists in order to plan for various futures in which a marriage may end. Gloria Petroni has more than 40 years of experience handling divorce cases in Reno, and she is proficient in both prenuptial and postnuptial arrangements.
Both prenuptial and postnuptial agreements are contracts between spouses concerning the rights and responsibilities of both parties in case of divorce or death. Each spouse needs their own individual lawyer to make sure the terms of the contract are fair to both parties and will withstand scrutiny in a court of law.
It may be in the best interest of both you and your spouse to plan terms for a prenuptial contract prior to getting married. The possession of assets, control of property, and treatment of future earnings are all important topics to address the division of in case a divorce occurs. For individuals with substantial assets or debts, stake in a business, children from a prior marriage, potential inheritances, or great disparity in income, a prenuptial agreement is essential.
Prenuptial agreements are for anyone with any amount of property, income, or future interest. They are not only for individuals with immense assets. They protect both parties when a marriage is dissolved, and many times will administer property throughout the duration of a marriage. It can set forth expectations for support of minor children from a previous marriage, and deal with how community living expenses are paid. These significant money issues should always be addressed prior to marriage.
A postnuptial agreement also addresses a couple’s assets, except this type of contract is executed after a couple has been married. Postnuptial agreements are often associated with a divergence of interests in the marriage, but they can actually be a positive means of providing security to both parties when handling financial issues mid-marriage. Sometimes circumstances will arise that feel threatening to either party, and if the individuals have distinctly different styles of handling assets, a postnuptial agreement can potentially end lasting discord and save one’s marriage.
When choosing whether to draw up a prenuptial or postnuptial agreement, it is important to consider an array of factors and potential futures. Most couples who choose one of these contracts do so in order to determine how assets will be divided if they separate. Gloria Petroni will utilize her expertise in these contracts to help you and your spouse find an appropriate solution as to how shared finances and other assets will be dispersed in the event of a divorce. Experienced legal aid can help you navigate the potential pitfalls of a separation. For instance, many individuals are not aware that separate property assets can be subject to a community property interest for the spouse if a debt on the property is paid with what the law perceives as community earnings.
Separate legal counsel for each spouse is necessary before finalizing a prenuptial or postnuptial agreement. The attorneys will then collaborate to create a final contract that is fair to both parties after reviewing all financial assets and other relevant information. This not only ensures an equitable agreement, but also safeguards that the document will be legally enforceable by a court of law if a divorce does occur.
When choosing to sign a prenuptial or postnuptial agreement, communicate honestly and openly with your partner. Be patient and allow time sufficient for full disclosure of assets and liabilities.
Do not sign a contract before you have had the time and appropriate counsel to consider all of the pertinent factors and potential outcomes. If a prenuptial or postnuptial agreement needs to be altered, Reno prenuptial attorney Gloria Petroni can help, but certain formalities need to be followed. She can utilize her 40 years of experience handling prenuptial and postnuptial agreements to aid you finding the appropriate modifications to your agreement.
Attorney Gloria Petroni works with couples who want to settle the terms of a separation before or after they are married, but prior to a legal separation. We can provide prenuptial and postnuptial agreements specific to your needs and circumstances — to learn more, please contact our office today at 775-420-4221.