Planning for Asset Protection in the Event of Divorce
Many people choose to sign prenuptial agreements to protect their assets and avoid expensive divorce litigation. To help you meet your financial goals you need the assistance of a financially savvy lawyer.
You can find sophisticated legal representation at Faupel, Fraser & Fessler, Attorneys at Law in Ann Arbor. The laws that govern pre- and postnuptial agreements change frequently and our attorneys can draft and litigate agreements that are customized to your unique needs. Please call our office at 734-418-0958.
How a Prenuptial Agreement Can Help You
A prenuptial agreement is a legal contract that lists the assets and debts each person has before the marriage. It establishes what each person's property rights will be if the marriage ends in divorce. In Michigan, prenuptial agreements must be signed before the marriage. The agreement can address alimony and property division, but not child custody or child support.
There must be full and fair disclosure of all debts and assets from each party when creating the agreement. If assets are not disclosed or the agreement is not prepared in a proper manner, it will not hold up in court.
Postnuptial Agreements
Postnuptial agreements can be drafted only if the marriage has already broken down. This is a step you can take before starting a divorce. We can help guide you as to whether such an agreement is of benefit to you, in your particular situation. A one-size-fits-all approach is not a good idea because it will not meet your specific needs.
At Faupel, Fraser & Fessler, we take the time to understand exactly what you want and customize an agreement to fit your needs. To make an appointment, please call 734-418-0958 or send us an e-mail.
