Marital agreements can eliminate many of the uncertainties and insecurities that often arise when two people merge their lives – along with their assets and liabilities – in a marriage. One of the primary reasons couples execute such contracts is protection. They want to protect what they brought into the marriage, what they earned or acquired during the marriage and what they do not want to lose or be left paying for after the relationship ends.
How We Can Help
Tully Rinckey PLLC’s attorneys in Syracuse, N.Y. can prepare prenuptial, postnuptial, separation and cohabitation agreements for Central New York couples. By preparing these agreements, our attorneys can help couples save thousands of dollars in divorce proceedings and emotional distress.
Prenuptial Agreement (“Prenup”)
A martial contract that couples execute before they get married and is increasingly popular among people entering second marriages, business owners, and engaged couples with disproportionate assets or debts.
- Property rights and ownership of marital property
- Current estate/inheritance entitlements, if any
- Spousal support amount and duration
- Distribution of assets to children from prior marriage in the event of death
- Waivers for spousal support, equitable distribution or attorney’s fees in the event of separation or divorce
Postnuptial Agreement (“Postnup”)
A marital contract that couples execute after they get married and is increasingly popular among couples where one party has been unfaithful or has mismanaged the marital finances. Essentially, postnuptial agreements are for couples that do not currently want to separate or divorce but acknowledge that either event could happen. The agreement details what will happen in the event of divorce, separation or death.
- Division of assets, liabilities and income
- Division of expected inheritances and gifts
- Each party’s post-marital debt payment responsibilities
- Marital/second home ownership
- Assignment of jointly and individually owned marital property
- Spousal maintenance issues
A marital contract for couples who expect to divorce. The separation agreement outlines the rights and responsibilities of each spouse as they live separate lives.
- Child support
- Parenting time/Child custody
- Spousal maintenance
- Division of assets and liabilities
- Ownership of the marital home
- Tax refunds/deductions
A contract for couples who live together but are not married. More and more couples are opting to live together before getting married or are viewing cohabitation as an alternative to marriage. However, without the rights afforded by marriage, cohabitating couples put themselves at great financial risk if the relationship ends. This contract outlines the responsibilities of each party while they are together and/or after the relationship ends.
- Each party’s responsibilities and rights while living together
- Post-break up or death division of property
- Financial obligations to the other party during and after the relationship ends
- Debt payments
- Child custody
Tully Rinckey PLLC’s lawyers can represent spouses throughout Central New York, including Syracuse, Cicero, North Syracuse, Manlius, Liverpool, East Syracuse, Cazenovia, Baldwinsville, and DeWitt. Call today to schedule a meeting with one of our attorneys at 315-492-4700 or e-mail firstname.lastname@example.org. Click here to view a video about our consultation process.
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