Marital Property Agreement Attorneys in Wisconsin
Effective Prenuptial Agreements and Postnuptial Agreements
A marital property agreement is an effective way of protecting property from being subject to equitable distribution in the event of a divorce. However, marital property agreements also serve other valuable purposes, depending upon your needs. If you have significant investments, children from a prior marriage, or property you would like to ensure remains separate, a prenuptial agreement may be an important aspect of planning for your upcoming vows.
Madison, Dodgeville, and Janesville, Wisconsin Lawyers: Prenuptial and Postnuptial Agreements
The law firm of Murphy Desmond S.C. offers informative and in-depth legal guidance regarding both prenuptial agreements and postnuptial agreements.
- Creditor claims: Once you are married, any debts or liabilities that are brought into the marriage or incurred during the course of the marriage by your spouse are considered yours. A prenuptial or postnuptial agreement can protect your separate assets, as well as your income from creditor claims against your spouse.
- Estate planning: A prenuptial agreement can be an important element of estate planning, especially if you have children from a prior marriage or relationship. Without proper documentation in place, your children will be entitled to half of your estate while your spouse will be entitled to the other half. Even if you designate unequal distributions in your will, your spouse can still assert his or her right to the spousal inheritance share (50 percent of the estate). A marital agreement enables you to make unequal distributions to protect the interests of your children.
- Divorce: One of the most common purposes of a premarital agreement is to protect assets and interests should the marriage ever end in divorce. A prenuptial agreement enables you and your partner to decide upfront how property division will be handled, including what property will remain separate property. Temporary alimony or spousal support issues may also be addressed in a prenuptial or postnuptial agreement.
Our Madison, Dodgeville, and Janesville marital property agreement lawyers have considerable experience in negotiating, reviewing and drafting marital agreements for clients throughout Wisconsin. We tailor our approach to suit the unique needs and objectives of each client. In addition, we ensure that all legal requirements are carefully followed so that you can remain confident in the event the validity of the marital agreement is ever contested.
For more information on prenuptial and postnuptial agreements, view our article on What You Need to Know About Marital Agreements.
For a consultation with Murphy Desmond S.C. regarding a prenuptial or postnuptial agreement, call 608.257.7181 or send us an e-mail.