Crafting Effective Agreements
Prenuptial agreements, postnuptial agreements and cohabitation agreements can be powerful tools, provided they are carefully crafted. In order to be effective, the language must be clear, and nothing can be overlooked.
At Weinman & Associates, P.C. in Austin, our attorneys have more than 20 years of experience drafting and reviewing these agreements. We understand the legal and practical considerations that affect these agreements, and how to craft agreements that withstand the test of time.
If you would like to meet with us to discuss a marital agreement, call 512-472-4040.
Need A Prenuptial Agreement?
A prenuptial agreement can be created to accomplish many things. It can protect a legacy for the children of a parent entering into a second marriage. It can protect the assets of a person who is marrying later in life. It can ensure that a family-owned business stays in the hands of the original family members. A prenuptial agreement can prevent marital strife regarding the ownership of property and provide peace of mind for each spouse.
At the outset, we will discuss your reasons for seeking a prenuptial agreement and your goals. We can draft an agreement for you or review a proposed agreement. We can negotiate improvements in a proposed agreement with your future spouse’s attorney.
To create a prenuptial agreement that holds up in court, it is important that your future spouse has sufficient time to review it. To be valid, there must be a full and fair disclosure of assets, and both parties must enter into the agreement of their own free will.
Postnuptial Agreements Are Similar To Prenuptial Agreements
Our family law lawyers can also draft or review a postnuptial agreement. These agreements cover similar ground as prenuptial agreements, serving to state how assets should be divided in the event of a divorce. The biggest distinction is that these agreements are created after the couple has already gotten married, rather than before. This type of agreement is frequently used when a couple is experiencing difficulties in the marriage, yet want to work on a reconciliation, or when they are experiencing financial pressures from some outside source.
The Benefits Of Cohabitation Agreements
Cohabitation agreements accomplish the same goals as prenuptial agreements, except these agreements are for unmarried couples who are living together. They may be used by couples who plan on getting married in the future, or who do not intend on marrying, but want to create terms by which their commingled assets will be divided if they break up.
Cohabitation agreements are an important consideration for couples involved in a common-law marriage. Under Texas law, the process of ending a common-law marriage is identical to the process of ending a ceremonial marriage. The same rules of property division must be followed. Cohabitation agreements allow unwed couples to set their own rules for property division, so to speak. We can help you craft agreements that are right for you.