Round Rock Postnuptial Agreements Lawyer

Whether you have been married for a year or several decades, life circumstances often change. Many married couples choose to address these changes in finances, responsibilities, and personal needs with a postnuptial agreement that outlines terms for asset division. Similar to a prenuptial agreement, a postnuptial agreement allows you both to agree upon how to divide specific assets, handle spousal support, and separate debt in the event of divorce.

Avoid navigating complex marital agreements without legal help. An experienced Round Rock postnuptial agreements lawyer could help you and your spouse draft an agreement that aligns with your unique situation.

What Could a Postnuptial Agreement Cover?

A postnuptial agreement can be used to establish clear terms regarding nearly all financial matters and responsibilities. They can help you and your spouse maintain control over your financial futures and avoid disputes. Any of the following elements may be included in a postnuptial agreement:

• Spousal support
• Allocation of debts
• Business ownership
• Division of property
• Management of bank, investment, and retirement accounts

While spousal support could be addressed in a postnuptial agreement, you cannot include child support. Following a divorce, couples must go through the family court system to get a child support order. A skilled attorney in Round Rock could help you determine what you should include in your postnuptial agreement.

The Benefits of Postnuptial Agreements

In Texas, assets and debt accrued during a marriage are considered community property during divorce proceedings. Courts determine how community property is divided based on predetermined factors that define a fair and just split. While this approach is designed to provide both spouses with a secure financial future, it is not the best option for every couple. Instead, postnuptial agreements and working with a Round Rock lawyer give you more control over how you prefer to divide finances, which provides the following benefits.

Financial Security

Outlining the division of assets and debts within an agreement in the event of divorce or death provides a sense of security for you and your partner that your expectations will be met. You may choose to separate assets to provide for children from a previous marriage or ensure sole ownership of a business started during your marriage. Postnuptial agreements can also outline requirements for spousal support for a parent who gave up a career to stay home with children.

Dividing Debt

When and how to spend money is often a significant source of conflict between couples. A postnuptial agreement can be used to determine how your student debt, credit card debt, mortgages, and more will be divided following divorce.

Resolving Property Division Before Divorce

If a couple has already decided to divorce, a postnuptial agreement can also be used to legally transfer property so it will not be subject to community property division. This approach can reduce your legal fees and prevent delays in asset division during the divorce process.

Consult with a Skilled Postnuptial Agreements Attorney in Round Rock for More Information

Postnuptial agreements are useful for resolving many financial concerns that arise during a marriage. If you opted out of a prenup or need to make changes that reflect your current lifestyle as a couple, a postnuptial agreement can be drafted to meet your goals.

An experienced Round Rock postnuptial agreements lawyer at Kimbrough Legal, PLLC, can help guide you and your spouse through the process of disclosing assets and identifying separate property to draft an effective agreement that meets your unique needs. We can also review existing documents to ensure you understand the terms and help you revise as necessary. Get in touch today to schedule your consultation.