A marital agreement is an agreement between you and your fiancée or spouse agree on your obligations are to each other and your families.
What are Common Types of Marital Agreements?
- Prenuptial Agreements–A prenuptial agreement is a contract two people enter into before marriage. Typically, a couple lists their property and debts and agrees on their obligations to each other and their families. Couples usually enter into premarital agreements to protect children from a prior marriage, to protect inheritances and property owned before marriage. You and your fiancée can agree to support obligations, division of property in the event of divorce or death; spousal support payments, and division of marital debts.
- Postnuptial Agreements–Couples enter into postnuptial agreements after they marry, which are similar to prenuptial agreements.
- Community Property Agreements–In Texas, a couple can designate their property as community or separate. Each designation has advantages and disadvantages. There are substantial tax advantages to couples owning property as community property, but asset protection issues mitigate the advantage.
Contact My Office to Learn More About Marital Agreements
Jeffrey B. Bock prepares marital agreements and can meet with you to discuss your goals, helping to determine what type(s) of marital agreements meet your current and long-term needs. To learn more about marital agreements or schedule a consultation with Jeff, please call 281-962-8529 in Texas or 561-392-8788 in Florida or request an initial confidential consultation online.