Pre and Post Marital Agreements
The process of divorce in it of itself is challenging; therefore, it is important to consider making pre-marital and post-marital agreements. Pre-marital and post-marital agreements can be somewhat simple, and they can also grow to be complex depending on the property involved. For this reason, it is important to have strong experienced help at your side. Patrick Baghdaserians is a Pasadena Pre-Martial and Post-Marital Agreement Lawyer and Family Law Specialist who also works in the Los Angeles area. Patrick Baghdaserians has over a decade of experience and is someone you want on your side when dealing with drafting detailed agreements to ensure your rights are protected.
Pre-marital and post-marital agreements deal with property and how it will be distributed in the event of a divorce. The key difference between these two agreements is timing. Pre-marital agreements, more commonly known as prenuptial agreements, are signed before marriage. Whereas post-martial agreements are signed after marriage.
Preparing a premarital-agreement can be extremely beneficial for couples because it allows them to create a future plan based on practical needs. This agreement often prevents financial disagreement or misunderstanding before beginning a marriage. The main purpose of a pre-marital agreement is to establish what assets are going to be kept separate. In addition, they protect one spouse from incurring debts incurred by the other spouse prior to marriage. Also, in the event of separation, divorce, or death, the pre-marital agreement will define how assets will be divided among the spouse, children, and other family members.
When deciding whether or not a pre-marital agreement is for you, there are several factors to consider. A pre-marital agreement can be valuable even if couples feel as though they do not have a great deal of property. A pre-marital agreement can be used to decide how joint bank accounts will be managed, how tax returns and household bills will be managed, how to make credit card payments, or how much money the couple is able to set aside for savings. Additionally, in some situations one spouse has not yet completed their education, therefore, a pre-marital agreement might include an arrangement on how they will handle college expenses.
Drafting a pre-marital agreement can be especially beneficial for couples with more than one marriage. This is because a premarital agreement can resolve complexities arising from prior commitments and responsibilities that carry over from previous marriages that involve ex-spouses and children.
Substantively, a post-marital agreement includes the same thing a pre-marital agreement would include. However, as stated above, a post-marital agreement is signed after the couple has married.
Overall, the process of marriage dissolution can be very overwhelming and stressful. Therefore, when dealing with property, it may be beneficial to deal with issues regarding pre-marital agreements and post-marital agreements early on. This way, issues that can arise down the line are mostly solved. Therefore, when deciding who to turn to it is important to have someone with experience on your side. Patrick Baghdaserians is an experienced Pasadena pre-marital and post-marital agreement Lawyer and Family Law Specialist who has dealt with a great deal of cases regarding detailed agreements in his over a decade of experience. Regardless of the reason, divorce is challenging, do not make the process even more difficult on yourself and schedule a free in person consultation with Patrick Baghdaserians.