A prenuptial agreement is an agreement made by a couple before they marry concerning the ownership of their assets if the marriage fails. It is also known as an antenuptial agreement, premarital agreement, or a prenup. While it may not be the most pleasant thing to think about before getting married, there are many advantages to making prenuptial agreements. Postnuptial agreements also govern the disposition of the assets of the couple, but they are agreements entered after the marriage has already begun.
Prenuptial & postnuptial agreements help the couple to pass on separate property to children from previous marriages, get protection from debts, and clarify financial rights. Without a prenuptial or postnuptial agreement, Texas state laws will determine the ownership of property in the event of death or divorce and assets accrued even before the marriage may be split equally amongst parties. Texas laws have strict requirements and standard language that must be included in prenuptial & postnuptial agreements before they are valid and binding on the parties.
It is important that parties retain attorneys whether they wish to draft a prenuptial agreement, or they are presented with a prenuptial agreement to sign. Prenuptial agreements are sensitive and require a thorough examination to make sure that the interests of both parties are protected.
The Law Office of Ify Ononogbu represents clients in a wide range of family law issues, including in the drafting and reviewing of prenuptial and postnuptial agreements. To learn more about the advantages of these agreements and how they may protect you, do not hesitate to contact our office today.