The holiday season is a time of warmth and renewal. It can be a time of reflection as well as an opportunity to cherish the company of family and friends. It is a good time to consider the decisons you have made during the past year and examine your options for the future.
Although a divorce is a difficult and unpleasant experience that shares none of the warmth and good will of the holiday season, it can also give you the opportunity to reconnect with the people you love and weigh your options for the future. As a divorcee, you will be able to explore options and make decisions that are beneficial for you without worrying about the effect on your ex spouse. Take the opportunity to decide what makes you happy on a personal level and follow your dreams. Rely on the support of your family and friends who love you.
Wishing you a very happy holiday season and a wonderful new year.
A post nuptial agreement is a contract formed between spouses at any time after a wedding has occurred. Often the formation of a post nuptial agreement can alleviate stress between spouses as it gives them the opportunity to review and discuss their economic needs. If challenged in court, a post nuptial agreement may be scrutinized more carefully than a prenup since an upcoming marriage is not used as an incentive for its formation. Additionally, a post nup may be held to a higher standard of fairness than a prenup.
Open and honest discussions between spouses prior to the formation of a post nuptial agreement are essential. A conversation should include a full and fair disclosure of all assets and debts including the possibility of future income opportunities. Discussions regarding the couple’s current financial status and the division of property in the event of death or divorce are also important.
A post nuptial agreement should fully describe all the assets, liabilities, income and expectations of gifts or inheritances of the spouses. The agreement will effectively set forth how the couple’s property, including the marital residence, will be divided and marital debts paid in the event of death or divorce. A post nup can also set forth provisions for alimony, maintenance or spousal support, death benefits and medical, disability and long term care coverage. (more…)
