Prenuptial and Postnuptial Agreement Laws Massachusetts
While no one likes to think that any marriage may end, if you have any kind of assets, the potential to earn more than you do now, or have a family business, a prenuptial or postnuptial agreement may be in your best interest.
If you are intending to marry soon or are married and are interested in learning more about how a postnuptial agreement may benefit you, a Massachusetts family lawyer Stephen M. Forlizzi can help explain the laws and walk you through the process. Each agreement drafted can be as individual as the two people involved. While there may be some common threads, such as a predetermined amount for alimony, a couple can customize any agreement. Our firm can help you outline and communicate your needs and also help protect yourself and your assets.
A prenuptial agreement can outline spousal support based on the length of the marriage or earning potential of a spouse. A prenuptial agreement can also address issues such as education costs in the event of a break up and insurance coverage.
If one of you will eventually inherit property, money, or high valued assets, a prenuptial agreement can ensure that inheritance stays separate. When one party owns a business, a legal agreement can protect that business from being considered marital property down the road. If one spouse is coming into the marriage with a significant amount of debt, an agreement can ensure the other spouse is not responsible for that debt. A prenuptial agreement can be a useful tool for couples as they outline expectations and begin a marriage on the same page.
While conversations about who gets what and who will benefit most in the event of a divorce can be difficult to have before a wedding, not having those conversations can lead to disaster. The Law Office of Stephen M. Forlizzi approaches prenuptial agreements with sensitivity, professionalism, and a dedication to helping both parties start out feeling protected and secure in what they are venturing into.
There may be the need for a financial outline or protections to be put in place after a couple has married. One scenario that may warrant a postnuptial agreement is if one spouse wants to open a business or make a significant investment that the other spouse is not ready to willing to take part in. Having a postnuptial agreement drafted to keep that risky move or liability from impacting the credit or financial future of one spouse can be a great way to protect yourself. Another scenario that has led to the creation of postnuptial agreements involves careers and family life. If one spouse agrees to give up a lucrative career to stay home and raise a family, a postnuptial agreement can compensate that person for their financial loss during that time.
Since there needs to be agreement by both parties and protection as individuals, it is essential that each spouse or soon-to-be spouse has their own legal counsel. Our firm can negotiate on your behalf and work with your best interests in mind. These agreements can be a delicate matter that requires both a skilled negotiator and an understanding advocate. Both postnuptial and prenuptial agreements can be modified or even nullified under the right circumstances. When you want the most up to date legal advice and a trusted family attorney who will fight to protect you, the Law Office of Stephen M. Forlizzi will be there.
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