To quote Benjamin Franklin, “An ounce of prevention is worth a pound of cure.” A pre-nuptial or post-nuptial agreement is prevention against a possibly contested and heavily litigated matrimonial matter in the future. While we hope that a marriage is forever, the reality is that sometimes marriages do not work out. An agreement resolving what happens to your assets should the marriage end is the best way to protect yourself in the event of a divorce action.
A pre/post nuptial agreement will identify your assets at the time of execution and direct what will happen in the case of divorce. Such an agreement is highly recommended if:
- You own a business or are a member of a closely held corporation;
- You have or plan on having intellectual property rights;
- You have significant assets; or
- You have children from a prior relationship and wish to preserve their inheritance.
A pre or post nuptial agreement is carefully tailored to suit your specific needs. The attorneys at Donnellan & Knussman, PLLC are prepared to explain your rights regarding your assets and draft an agreement to best protect you and your assets in the event of a divorce. If you are interested in learning more about pre or post nuptial agreements, contact Donnellan & Knussman, PLLC at (518) 884-0200 for a confidential initial consultation.