In the whirlwind of wedding planning and marital bliss, its easy to overlook the importance of preparing for the unexpected. While prenuptial agreements are well known, their counterpart, post marital agreements, are often overlooked. In Texas, a post marital agreement can be a valuable tool for couples looking to safeguard their assets and plan for a future. Here are some reasons why a married couple should look into having a post marital agreement:
- Financial Expectations: This allows couples to clearly define their financial expectations and responsibilities during the marriage. This can include how finances will be manages, who will be responsible for certain debts, and how assets will be divided in the event of divorce or death.
- Protecting Separate Properties: Texas is a community property state, which means that assets acquired during the marriage are subject to division in a divorce. However, assets acquired before the marriage or received as gifts or inheritances can be considered separate property. A post marital agreement can help protect these assets by stating which assets are deemed to be separate and community property.
- Planning for children: A post marital agreement can also address issues related to children, such as custody arrangements, child support, educational and health expenses. Having a clear plan in place can provide peace of mind and minimize conflict in the event of separation.
A post marital agreement can be a valuable tool for couples in Texas to protect their assets, clarify financial expectations, and plan for the future. By addressing these important issues proactively, couples can strengthen their relationship and safeguard their interests in the years to come. If you are considering a post marital agreement, be sure to consult with an attorney who can help you navigate the process and ensure that your agreement compiles with Texas law.
