Post Nuptial or Post Marital Agreements in North Carolina
For couples who regret not entering into a pre-marital agreement with respect to their finances, the simple solution is a Post-nuptial Agreement or “postnup”? Want to know what a “postnup” is? Read on as I hold your hand and guide you about this aspect of law. I know law can be boring, so it is my earnest endeavor to try my best to make the law understandable.
A “postnup” is often also referred to as Post Marital Agreement as it is entered into after the couple gets married. A “postnup” agreement is less commonly used than “prenups”. However it is an important legal document that can help revise a “prenup” and protect your bank account and other assets.
Why get a Postnup?
Revising a Prenup: A sudden inheritance and an amazing promotion, are just some of the situations that can lead to a significant change in your finances. In this new scenario, you may want to change or alter the terms of the earlier prenuptial agreement.
Protecting your assets: In a divorce, the state of North Carolina, like many other states employs the “equitable distribution” method for dividing the assets. In this situation, a postnup is an ideal solution for you. Through a “postnup” agreement you can enter into a written agreement after marriage overriding our North Carolina property law.
Securing Business Interests: A divorce might gravely impinge on the assets of the company or badly affect business associates and financiers. You may want to protect the business through a postnuptial agreement.
Financial Strains: Couples whose relations are strained by matters of finance and money can find a postnuptial agreement a way to relieve the stress and strengthen relationships.
Infidelity: A Postnup can be a very effective way to manage a disloyal partner. The spouse may secure himself/herself by signing a “postnup” wherein the philanderer will be required to pay a huge amount of money to his/ her partner.
Gift: Couples can also use “postnups” “to do something nice”. For instance, you might want to give your spouse a gift of stock, you might as well do it through a “postnup”.
Legality of Postnup
A postnuptial agreement can be very complex as it touches many areas of law. As a result, the services of a knowledgeable attorney become extremely imperative. Experience and knowledge of the attorney can help prevent misunderstandings and mistakes. Among numerous elements, the three vital essentials of a post-nuptial agreement in North Carolina are:
- The agreement must be in writing.
- The agreement should not contain any provisions that may be disadvantageous to the public.
- The agreement should be notarized by the General court of justice for North Carolina or a corresponding officer of the state.
If you would like to know more about post-nuptial or post-marital agreements, please get in touch with Mc Ilveen Family Law Firm and we’ll do our best to find the best solution for you.