Prenuptial and Postnuptial Agreements
Helping people with prenuptial and postnuptial agreements in Central and Eastern Oregon
We understand that thinking about the possible end of an upcoming marriage or domestic partnership is hardly romantic. We also know that domestic partners and spouses who execute prenuptial agreements are actually taking care of matters that could be even more divisive in the future. Such people are helping themselves and their future spouses or domestic partners.
A prenuptial agreement is a legal contract detailing the property and debts each party has before the marriage. It can establish the property rights of each party if the marriage ends in divorce, separation or if one party dies. At Phillips & Moore LLP, our attorneys understand how to draft prenuptial agreements, often called "pre-nups", that are enforceable and meet our clients' goals and objectives. Our legal experience and business training help us develop agreements that help clients preserve assets.
Benefits of Prenuptial Agreements
Prenuptial agreements are created to:
- Outline property division in the event of divorce
- Detail spousal support in the event of divorce
- Preserve assets for children after a second marriage
- Preserve assets brought into the marriage
- Protect business interests
- Keep individual debts separate
- Outline what will be community property and what will be separate property
- Determine management of household finances in advance
Postnuptial agreements accomplish the same goals as prenuptial agreements, but are executed after a couple marries or enters into a domestic partnership, while prenuptial agreements are executed before marriage or domestic partnership. Parties often seek postnuptial agreements when there has been a significant change in the lives of the parties, such as the birth or death of a family member, or a change in finances.