As the divorce cases are rising in Louisiana, most married couples are deciding on writing post-marital agreements. Also known as a postnuptial agreement, a post-marital agreement is a legal document written to protect the assets and retirement benefits of each spouse in case of a divorce.
During the early stages of marriage, divorce is usually not a concern. However, as the marriage progresses, a spouse could change, making you consider divorce. With a written postnuptial agreement, both spouses would have peace of mind on any financial matters. Here are some benefits of post-marital agreements:
A well-written post-marital agreement will address any financial issues between the spouses. Additionally, the postnuptial agreement will:
- Protect the properties of each spouse
- Determine how to divide joint property in case of divorce
- Determine which spouse will pay alimony to the other spouse
Once the postnuptial agreement is brought forward during the divorce proceedings, it will remove any disputes. The agreement also lowers the legal costs of the divorce proceedings
A detailed post-marital agreement also helps spouses define their financial expectations. In the United States, most couples fight on financial issues. Thus, creating this agreement ensures that couples share the same views and obligations. Further, in case one spouse needs alimony, the agreement will carefully explain this.
Peace of mind
A contested divorce results in emotional and physical stress. Most family law courts are very discrete in the division of marital property. Thus, no spouse can predict how a court will divide their property if they divorce their spouse. The postnuptial agreement gives you peace of mind since it outlines the division of various property that you and your spouse own.
Are you newly wedded and in need of a post-marital agreement? It may be in your best interest to consult an attorney for more guidance.