Due to references in popular culture (and possibly personal experience), most American and Pennsylvania adults have heard of a prenuptial agreement. These legal tools help set a foundation for marriage and to protect the interests of each person in the event of divorce. Far fewer Americans are familiar with post-nuptial agreements. A postnuptial agreement is a valuable tool. While prenuptial agreements are essential, post-nuptials can keep a marriage on the right track.
If you are currently married (either happily or you are contemplating divorce), you may benefit from taking advantage of the postnuptial agreement drafting process. On the most basic levels, a postnuptial agreement functions just like a prenuptial agreement. The only significant difference between the two documents is that one is entered into before marriage begins and one after. The legal team at Klenk Law has extensive experience with drafting postnuptial agreements. We would be happy to help you determine whether taking this step would be a good move for you and your spouse.
An experienced Philadelphia, Pennsylvania postnuptial agreement lawyer can help you to understand better how a postnuptial agreement may benefit you and your marriage. Are you contemplating divorce? A postnuptial agreement can help you determine how you and your spouse would like to divide your marital property. Further, how you would like to behave as co-parents once you are no longer romantically linked. Are you happily married? Drafting a postnuptial agreement refocuses and “reboots” certain marital areas. Why not work together to set reasonable agreed expectations? Why not work towards goals together with the aid of healthy boundaries? A Philadelphia, PA postnuptial agreement lawyer can help you figure out how to achieve whichever ends are relevant to your unique situation.
You may be wondering if you can construct an enforceable postnuptial agreement without the aid of a Philadelphia, PA postnuptial agreement lawyer. Although the independent initiative is admirable, postnuptial agreements are binding documents. Treat them with care. Just as you would not approach significant medical treatment without consulting a doctor, an attorney’s input is useful before taking a significant legal step.
Does drafting a postnuptial agreement interest you? Or do you have questions about this legal tool? Please do not hesitate to connect with an experienced Philadelphia, PA postnuptial agreement lawyer today. There is no harm in asking questions. Consulting with an attorney does not commit you to take any legal action. Consultations are confidential, so you need not be shy about exploring this option. Take a little time to determine whether drafting a postnuptial agreement would be a healthy choice for you and your spouse. Rest assured that you have made an informed decision either way.
Please consider connecting with a Philadelphia, PA postnuptial agreement lawyer at our firm today. We will be happy to assist you. We look forward to answering any questions you may have about the postnuptial agreement process.
A postnuptial agreement drawn up by a lawyer is essential for many couples in Philadelphia, Pennsylvania, to have and not just for those who are wealthy. A postnup is a legally binding contract that predetermines which spouse will receive which assets (if any) should the marriage terminate. Unlike a prenuptial agreement, the couple signs a postnuptial agreement after the couple is married.
A postnup can ensure a fair distribution of assets, whether they are of high dollar value or sentimental value. When a marriage fails, it is often tumultuous time of high emotions, anger, and frustration. If a Philadelphia, PA postnuptial agreement lawyer from Klenk Law Firm prepares the prenup, it will be a well-thought-out and considered document. If the marriage ends, you want a clean break, not years of litigation. A binding document is highly preferable to a simple document written by one of the spouses before the marriage, which may not hold up in court should there be litigation in the future.
As mentioned, a postnup will pre-determine which assets the couple owns should be divided between them. . Because a postnup drawn up by a Philadelphia, PA postnuptial agreement lawyer is legally binding, it can eliminate much of the emotional trauma that occurs when a postnup is not in place. In addition to asset distribution, a postnup will usually specify if there should be spousal support (alimony). If so, how much the payments will be when they terminate, and other terms. A postnup may also dictate which spouse should be financially responsible for paying which debts that have accrued before and during the marriage.
Before meeting with a Philadelphia, PA postnuptial agreement lawyer, it can be helpful to clarify your goals and wishes. For example, you may wish to put the following information in writing with the intent of bringing the documentation with you to your lawyer:
When you meet with our Philadelphia, PA postnuptial agreement lawyer, the process will include addressing possible contingencies. The contents of the postnup will significantly depend on your unique circumstances. Most postnups will contain language that reflects the following:
To learn more about the legal services offered by postnuptial agreement lawyer Philadelphia, PA couples recommend, contact Klenk Law Firm today.
Peter Klenk is the founding member of Klenk Law, a seven attorney boutique estate planning law firm. We serve clients in Pennsylvania, New Jersey, New York, Minnesota and Florida. Peter Klenk received his Masters in Taxation LL.M. from NYU Law School and his J.D. from the University of Minnesota Law School. He served his country in the Navy JAGC during Desert Storm. Easy to talk to, feel free to call Peter for an appointment. We will make the process as easy as possible!
"I worked for Peter Klenk for 4 wonderful years. I can’t speak highly enough of everyone at the firm. Everyone truly cares about their clients and has a strong sense of responsibility to get things done right. I would highly recommend Klenk Law!"
Affable...yet surprisingly cerebral estate planning atty. High marks all the way around.
Great firm. Great people. Happy to refer folks in need to estate planning to Peter and his team. They do great work.
Peter came highly recommended by a close friend to do our estate planning. We have been putting off for years. He is knowledgeable, professional and easy to work with.
I was referred to Peter after my divorce to put documents together to protect my assets. He suggested a number of documents that would help protect my children and their future. Also, he put together wills, power of attorney and living wills. I initially spoke with him on the phone, he took 30-40 minutes to understand my situation and explain the benefits of having such documents. After a week or two, I met with him in his office and signed the documents. Everything else was remote phone calls and emails. He re-explained these documents and what whom to share. I am in good hands.
Peter and his associates were a pleasure to work with. He explained the process clearly and provided assistance nearly instantaneously. Highly recommended for trusts-and-estates-related needs!