There is a widespread misconception in the field of family law. Namely, the reputation of prenuptial and postnuptial agreements has suffered greatly. These agreements are thought to be early admissions that a marriage is doomed to end. In reality, that is not at all their purpose. Rather, these agreements set the foundation for both spouses' financial security at the outset of a marriage. They are, if anything, an effective means of ensuring that spouses care for each other in the long term.
For nearly 40 years, the attorneys at Silverblatt & DeCosmo have helped spouses strengthen their marriages through marital settlement agreements. We understand that marriages are unique and complex. Especially now, when many marriages involve blending families, it is important to plan ahead for spouses' ongoing security.
Marital settlement agreements are crucial for several reasons, such as if:
- You are remarrying — If you have been married before, you may be bringing financial obligations — child support, a mortgage — into your new marriage. A prenuptial agreement can also help ensure that your assets are distributed according to your wishes.
- Your spouse has significant debt — Likewise, if you are marrying someone who has been married before, a prenuptial or postnuptial contract can help protect you from having to pay any debts he or she might bring into the marriage.
- You own part of a business — Business shareholders must take special care not to jeopardize their venture — especially if they own an entity with other partners. Through a marital settlement agreement, spouses can protect their business holdings.
- You want to protect your financial future — Among their other benefits, prenuptial agreements are useful in case of a divorce. They provide a blueprint for how matters will proceed, help spouses avoid disagreement and rancor, and ward off lengthy and expensive divorce proceedings.
If you have questions about marital settlement agreements, contact our offices in Wilkes-Barre. We are happy to serve as guides through any marital contract matters. You can call us at 570-820-9800 or reach us online.