What is a Post-Nuptial Agreement?
A Post-Nuptial Agreement, sometimes referred to as a Marital Settlement Agreement (MSA) or Property Settlement Agreement (PSA), is a written contract between two spouses which settles their marital affairs, distributes their assets and allocates their debts, and, if applicable, addresses the issues of child custody, visitation and support. A Post-Nuptial Agreement is completely voluntary; nothing requires the parties to settle their case or sign a contract. However, a settlement agreement may assist the parties in concluding their case much quicker than the court system can do so. It may help them save money and minimize the ongoing anxiety of the litigation.
Post-Nuptial Agreements may be drafted between spouses, even while the marriage is flourishing. For example, a husband and wife may wish to enter into an agreement, after they are married, to deal with specific events, such as one party’s disability, a change in career, a financial windfall such as an inheritance, or the ownership and disposition of a family business that was started during the marriage. Such mid-marriage agreements should be carefully drafted and negotiated with the assistance of legal counsel to ensure that they will be recognized under state law.
If you are in need of a Post-Nuptial Agreement, it’s best to speak with an experienced family lawyer who understands the ins and outs of the law. For more than 30 years, Mark S. Guralnick has been helping create Post-Nuptial Agreements for thousands of clients. If you are in need of any type of agreement, make sure you call on the best. Contact the Law Offices of Mark S. Guralnick now and we will assist you with any questions or concerns you may have.