Postnuptial Agreements Attorneys in New York

In New York, postnuptial agreements are essential legal tools for couples who wish to define or redefine the terms of their financial relationship after marriage. At Cohen Stine Kapoor LLP, our experienced attorneys in Manhattan, NY, guide couples through the complexities of these agreements. We offer personalized legal advice and craft agreements tailored to your unique circumstances, with a focus on protecting your assets and securing your financial future.

What Is a Postnuptial Agreement?

A postnuptial agreement is a legally binding contract entered into by spouses after they are married. Unlike a prenuptial agreement which is signed before marriage, a postnuptial agreement is between fiduciaries, a married couple, and addresses financial matters that have arisen during the marriage. This binding contract can outline how assets and debts will be divided in the event of a divorce, legal separation or death, establish spousal support terms, and protect  separate property acquired before or during the marriage.

Postnuptial agreements are often used to address changes in financial status, such as the receipt of a significant inheritance, the start of a new business, or changes in employment. They can also be used to amend or reinforce the terms of an existing prenuptial agreement, providing couples with the flexibility to adapt to new circumstances.

Benefits of Postnuptial Agreements

Postnuptial agreements offer several benefits to couples in Manhattan and the surrounding areas, including the following:

  • Asset Protection

    - Safeguard individual assets and ensure they are not considered marital property in the event of a divorce.

  • Debt Management

    - Clearly define responsibility for debts incurred during the marriage, preventing future disputes.

  • Financial Clarity

    - Establish clear financial expectations, which can reduce marital stress and prevent conflicts over money.

  • Flexibility

    - Adapt the terms of your financial arrangement as circumstances change, such as career advancements or changes in income.

  • Strengthening the Marriage

    - In some cases, creating a postnuptial agreement can improve communication and trust between spouses, helping to strengthen the marriage.

  • Things to Include in Your NYC Postmarital Agreement

    - When drafting a postnuptial agreement in New York City, it's important to include specific details to ensure the agreement is comprehensive and enforceable. Key elements to consider include:

  • Asset Division

    - Clearly outline what constitutes separate property versus marital property and how assets will be divided in the event of a divorce or death.

  • Debt Allocation

    - Specify who will be responsible for any debts incurred during the marriage, including credit card debts, loans, and mortgages.

  • Spousal Support

    - Establish terms for alimony, including the amount, duration, and conditions under which it will be paid.

  • Inheritance Rights

    - Address how inheritance received during the marriage will be treated, especially if it is to be kept separate from marital assets.

  • Business Interests

    - Protect business assets or future income from a business owned by one or both spouses.

  • Retirement Accounts

    - Determine how retirement accounts and other long-term savings will be divided.

  • Dispute Resolution

    - Include a clause on how disputes related to the agreement will be resolved, such as through mediation or arbitration.

Contact Our Postnuptial Lawyers Today

Understanding postnuptial agreements is crucial for protecting your financial future. At Cohen Stine Kapoor LLP, our postnuptial agreements lawyers are committed to providing you with expert legal guidance tailored to your unique situation. Whether you need to protect your assets, manage debt, or clarify financial expectations, our team is here to help. Contact us today to schedule a consultation and take the first step toward securing your financial future with a postnuptial agreement.