If, before the marriage, a party does not like the provisions of the proposed marriage contract and the couple is not able to agree, they can simply decide not to get married. With an additional contract, the couple is already legally bound and the spouses owe each other a fiduciary duty. There is a concern that the terms of a terminated contract were not negotiated because a spouse did not really have a choice to sign the contract. In the event of divorce, a prenup can protect one spouse from liability for the debt that the other spouse incurred in the marriage. For many of us, it can at best be unpleasant to have conversations about money and the possible end of a marriage. However, making a deal to protect yourself can be a smart tactic in many situations. If you`re planning to get married as a long-term partnership, it`s a good idea to set the framework in advance. Finally, you don`t want to make a long-term business deal without having a legal contract. Use our customizable template for a terminated contract to create, store, and print it. Your contract terminates in a few minutes online. If you have any questions about marriage and estate contracts or separation agreements, talk to an experienced family law lawyer.
Only a lawyer can advise you according to your particular circumstances. Despite the fact that a prenup is arranged before a wedding, you can still sign one after exchanging ”I Do`s”. This contract, known as a marriage contract, is drafted after marriage by those who are still married and are looking to either separate, divorce, or simply protect themselves from the unexpected in the future, FindLaw explains. If you and your spouse already know that you want to separate or divorce and you don`t have a prenup or post-up, you shouldn`t create a post-up now. Instead, you need a separation agreement. No matter where you are in your marriage, there is never anything wrong with thinking about protecting your property. Married couples separate and divorce for all sorts of reasons, from infidelity to spouses who grow and change over time as human beings. And signing a marriage agreement, whether it`s a prenup or a post-nup, doesn`t mean your marriage is fragile. In fact, working with your partner to establish a marital agreement can trigger some healthy conversations about finances and other practical matters.
As I said, North Carolina law states that you can only sign a marriage contract before you get married. However, if you are looking for ways to protect your property after your marriage, a resevering contract is a good option. Like a prenup, a post-up describes how you and your spouse will divide the property in the event of a separation. The only difference is that you sign the Postnup after the wedding. If you have any questions about organizing a marital or post-contract contract or how an existing contract affects your divorce case, the Myers Law Firm team is here to help. We can answer all your questions and solve your problems with legal solutions tailored to your individual needs. Building a terminated contract may offer security, but it doesn`t fully guarantee that you`ll avoid challenges, legal disputes, or receiving everything that`s rightfully yours in the event of separation….