Getting married is one of the most important decisions an individual can make. In addition to being a time of love, laughter and thoughts of a bright future, it can also be a time of practicality.
Perhaps one of the parties has significantly more money or assets than the other party, and they want to keep those separate from the assets that the parties accrue during the marriage. It can be family money/assets, money/assets from a prior marriage, or maybe they want to protect their kids from a prior marriage. Whatever the reason, there are times that parties enter into an agreement that determines what happens to money/assets they had prior to the marriage versus that earned and/or accrued during the marriage. This Agreement is called a Prenuptial Agreement.
A prenuptial agreement is entered into between the parties before they get married. It is a legally complicated document and must be fair and reasonable at the time of signing and fair and reasonable at the time it may be contested.
A postnuptial agreement is entered into after the marriage. Among other things it has to be both fair and reasonable at the time entered, and at the time that it may be challenged. Yes, it can be challenged and they have been challenged, so it is important that you obtain the services of someone for is knowledgeable in this area. Reach out to DaMore Law. We can help.