With a relatively high household income, The Colony is home to many individuals and couples who take legal steps to safeguard their wealth and plan for the future. A prenuptial agreement is a legal document that some couples sign before marriage. It lists each person’s debts and assets and specifies who will retain that property in the event of a divorce.
While the document offers protection of assets and from debts, it requires modifications after major life changes, such as the birth of children and changes to the financial standing of one or both individuals in the partnership.
A prenuptial agreement modification lawyer from The Colony can help you make needed modifications to keep your agreement viable and inclusive of all debts and assets. Call Towson Law Firm, PLLC, today to speak with an experienced prenuptial agreement attorney.
In The Colony and throughout Texas, a prenuptial agreement can be modified at any time after the marriage has occurred, making it a postnuptial agreement. However, there are certain requirements in order to modify the agreement, including the following:
Other reasons for modifying a prenup include the arrival of children or a change in career. Similarly, one partner in the marriage may receive a significant inheritance, start a business, or change financial goals.
A prenuptial agreement can cover many types of assets, debts, and situations, such as the following:
However, some things must not be included in the document. For example, the Texas Family Code states that prenuptial agreements cannot include information about child support that would be paid in the event of a divorce. A family lawyer could guide individuals as they create a prenuptial agreement, ensuring that it contains all the needed information, is enforceable, and protects the interests of both parties.
When the agreement needs to be modified, the attorney could draft or review the modification with input from the parties. By working together with a lawyer on the modification, couples can discuss their financial future and understand the laws and rights of both parties.
Attorney Matt Towson understands the importance of families preparing for their future, including having important discussions about how property and debts will be divided in the event of a divorce. Like any other legal plan, a prenuptial agreement must be created and modified with the utmost care to serve its intended purpose of protecting the parties involved and reflecting their wishes.
By resolving potential points of conflict in advance, if a couple does eventually divorce, they are more likely to avoid the financial and emotional costs involved in a prolonged court battle. Towson Law Firm’s lawyers are uniquely equipped to handle prenuptial agreement modifications in The Colony. We handle both family law matters as well as estate planning documents. Contact us today to learn more about the legal services we could provide for you and your family.
Our Law Firm’s approach to your case is based on individual circumstances. Whether it is a simple negotiated settlement, or it requires an aggressive approach, we will protect and defend your best interests.
