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Showing posts with the label postnuptial agreements

The Worst Mistake People Make when Negotiating a Prenuptial Agreement

Prenuptial and Postnuptial Agreements can be strong and useful planning tools that help couples plan their lives together.  Just like a properly done estate plan, a prenup can protect a families' most valuable assets and reduce tensions by setting out a simple outline for the future. When prenuptial and postnuptial agreements are created collaboratively families are strengthened because everyone has a voice and buy-in to a clear plan for their family. However, many engaged couples don't hire collaboratively trained attorneys when negotiating a prenup because they haven't heard of collaborative law or they rely on a recommended lawyer without doing any research of their own.  Doing a little research before hiring an attorney is critical because the worst mistake you can make when negotiating a prenup is to hire an attorney who only knows litigation.  Litigation is an adversarial process that encourages people to withhold information unless directly requested.  Lit...

Gotta Find My Purpose: An Update from Skylark and Think Pink Law

One of my favorite NSFW musicals is Avenue Q , where the main character (a puppet / liberal arts graduate), spends most of the story  trying to find his purpose in life.  I think it strikes a chord with me because I am constantly re-examining whether my work reflects my values.  When Attorney Trask left Kelsey & Trask, P.C. last year, I was given an opportunity to reconsider how this firm reflected what I, personally, found most important. Throughout the last year, that self-reflection has resulted in some changes that helped us focus more on our dispute resolution work and resulted in the creation of Skylark Law & Mediation, P.C. - where we help families resolve conflict. That has become the central theme of our work and with that focus we have removed some practice areas and added others, and we have grown our staff to cover those new practice areas. First, what have we removed?  Skylark Law & Mediation, P.C. will no longer be handling bankrup...

What if I want to try Reconciliation? Is there a way to protect myself?

One of the questions that I ask clients in our free 1-hour initial divorce consultation , is whether or not they believe their marriage is irretrievably broken down with no chance of reconciliation. This is the standard in Massachusetts for a Judge granting a divorce. Many potential clients, despite having scheduled a divorce consultation, are actually unable to answer this question because there is still some "chance of reconciliation." In these instances I explain their rights in a potential divorce case but recommend that they try counseling and not come back to my office unless they are sure about their answer. For some, they fear that trying to reconcile will put them in a vulnerable position financially and for those instances there is now a solution: Post-nuptial agreements (also called marital agreements) allow married couples to make contracts that will control what happens if they get divorced. A post-nuptial agreement can resolve the financial concerns and as...

Prenups and Postnups

With the rise in divorce rates over the past fifty years, many couples are approaching marriage with a lot more caution than past generations. Some couples are choosing to enter into agreements that, in the case that their marriage did end in divorce, would specify how to divide the assets between the spouses. These agreements are commonly called "prenuptial agreements," or "prenups," but are also known as antenuptial agreements. In Massachusetts, prenuptial agreements are valid so long as: there is a full and fair disclosure of each individual's assets (you have to tell your soon-to-be spouse about everything that you have and vice-versa); the agreement is considered fair and reasonable both at the time that the agreement is entered into and at the time of the divorce (you can't take everything and leave your spouse financially dependent on the state); and there is no fraud or duress (you can't present a prenuptial agreement to your fiancée righ...