Heymann & Fletcher
800-481-8549

Postnuptial agreements valuable during divorce

Prenuptial agreements are a widely discussed topic among those who are planning to get married in New Jersey and elsewhere, but not many have heard about postnuptial agreements. While prenups occur before marriage certificates are signed, postnups occur after these certificates have been signed. However, they both serve the purpose of protecting a married person's assets in the event of divorce.

Just like a prenuptial agreement, a postnuptial agreement is a legally binding tool that clearly spells out how liabilities and assets are to be dealt with if a divorce happens. This type of agreement thus helps to prevent unnecessary squabbling between the two divorcing parties. It also offers the benefit of expediting the required legal proceedings as well as the splitting of assets.

In addition to addressing matters such as the division of assets, a postnup can also be used to outline particular responsibilities. For instance, early in a marriage, the two spouses may decide to put in writing who will handle tasks such as paying the bills. Other tasks that can be addressed include filing taxes and even the usage of certain bank accounts.

Just because two people who are going through divorce never put together a prenup or postnup does not mean all hope is lost, however. The couple can still try to negotiate the division of their assets and other matters that are important to them, such as spousal support, without further court intrusion. A judge in New Jersey will have to step in and make critical decisions for the couple, though, if the two cannot see eye to eye in such areas.

Source: seekingalpha.com, "What Every Woman Should Know About Prenuptial And Postnuptial Agreements", Russ Thornton, April 18, 2017

No Comments

Leave a comment
Comment Information
Email Us For a Response

How Can We Help?

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Office Location:

Heymann & Fletcher
1201 Sussex Turnpike
Randolph, NJ 07869

Toll Free: 800-481-8549
Phone: 862-781-0029
Map & Directions

Heymann & Fletcher
Mailing Address
PO Box 518
Mount Freedom, NJ 07970

Toll Free: 800-481-8549
Phone: 862-781-0029