Prenuptial Agreements are contractual agreements prepared prior to marriage in order to outline resolution of property and financial issues in the event that the marriage is dissolved at a later time. These agreements are based upon reasonable disclosure of income, assets and debts of each party. The accumulation of assets, classification of income, and gains on assets can be defined in these agreements in terms of what is marital versus separate property.
Prenuptial Agreements are often used by one or both parties when they have significant assets or expect to receive significant assets. Prenuptial Agreements allow for the protection of assets by planning for the division of such assets in the event of divorce. By contracting the division of assets that would be addressed by a divorce court, the parties remove the uncertainty about the resolution of financial issues in a divorce by a judge. These agreements are designed to save the marital estate from being dwindled by the expenses of divorce litigation and manage divorce issues in an expeditious and cost-effective manner. Drafting of these agreements requires skill in creating an agreement which can survive challenges based upon claims of unconscionably. Postnuptial Agreements can also be drafted for the same purposes as Prenuptial Agreements, but they are prepared after parties are married. Please Contact our Denver Law Firm to discuss the preparation of Prenuptial or Postnuptial Agreements with an attorney who has experience preparing many of these agreements.
Please Contact our Denver Law Firm our firm to discuss the preparation of Prenuptial or Postnuptial Agreements with an attorney who has experience preparing many of these agreements.
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