Getting married is a significant milestone in life, and creating a prenuptial agreement can set couples up for success before they start their new life together. A prenuptial agreement, often called a “prenup,” is a legally binding contract specifying each spouse’s financial rights before marriage and outlining asset management in unforeseen situations. For over 20 years, the Gasper Law Group has offered expert prenuptial agreements in Colorado Springs to help individuals safeguard their economic interests and provide them with the peace of mind they deserve.
Our prenuptial attorneys have extensive experience drafting and negotiating agreements for your unique circumstances, ensuring you have an unbiased advocate and professional guidance. To schedule a FREE initial consultation to discuss prenup services with our Colorado Springs lawyers, call us at (719) 888-4033 or complete our contact form.
Benefits of Prenuptial Agreements
Prenuptial agreements provide peace of mind and can reduce the stress and costs of a divorce, especially for individuals with high-value assets. They can also protect business owners’ interests from being divided or sold during a divorce, ensuring that their company remains intact and that both parties understand the importance of their respective roles.
Similarly, high-net-worth individuals can benefit from prenuptial agreements by ensuring that their assets remain protected and have clearly defined property ownership. Ultimately, prenuptial agreements can be a valuable tool to protect your assets, business, and financial future.
What’s Included in a Prenuptial Agreement?
A prenuptial agreement can cover many issues in a marriage, including how property and debts will be divided in the event of a divorce. Prenuptial agreements can define separate property, assets one spouse acquired before the marriage or received as a gift or inheritance during the marriage, and joint property, assets acquired during the marriage.
In addition to property and assets, prenuptial agreements can cover financial issues, such as who manages bills, bank accounts, and credit cards during the marriage. They can also address the issue of spousal support, including the amount and duration of payments and what circumstances would terminate them. Finally, prenuptial agreements can address debt, including who is responsible for paying it down in the event of a divorce.
Frequently Asked Questions About Prenup Services in Colorado Springs
If you have questions about prenuptial agreements, you can trust our team to give you accuracy and honesty. We’re on your side.
Why should I hire a lawyer to create our prenuptial agreement?
Working with an experienced attorney when creating a prenuptial agreement is essential because it can have long-lasting and far-reaching effects on your financial future. Our Colorado Springs family law attorneys can provide guidance on the legal implications of each clause in the agreement, ensure that the rights of both parties are protected, and work towards a fair and equitable agreement. We can also ensure the agreement complies with Colorado-specific legal requirements, so it will hold up in court if needed.
What is the process of creating a prenuptial agreement in Colorado?
Creating a prenuptial agreement involves both parties consulting with separate attorneys, who will help draft the document to ensure it is fair and legally valid. Prenuptial agreements operate in the way a will might in an estate plan. Just as a will guides the distribution of assets after a person’s life ends, a prenup can guide the assets brought into a marriage after it ends.
Although prenups are enforceable, the law does not favor them. The courts read them narrowly and judge them by the legal standard of the time they were written, and they must also consider whether or not to honor prenups written in other states. In other words, the courts in Colorado can choose whether or not to enforce a prenup if a couple wrote it decades prior or submitted it in another state when the divorce proceedings took place in Colorado.
Our attorneys will review the proposed agreement and advise you on whether it meets the requirements of Colorado’s laws. Once both parties agree, you can sign the prenuptial agreement before or on your wedding day.
How should I approach my partner about a prenuptial agreement?
Approaching your partner about a prenuptial agreement can be a sensitive topic, but having an open and honest conversation about your concerns and reasons for wanting one is vital. Choose a time when both of you are calm and not stressed, and explain why you think a prenuptial agreement is essential.
Be willing to listen to your partner’s concerns and work together to create a mutually beneficial agreement. Discuss working with an experienced family law attorney who can guide you through the process and protect your rights.
Will a prenuptial agreement harm our relationship or indicate that I don’t trust my partner?
A prenuptial agreement does not have to harm a relationship or indicate mistrust between partners. Prenuptial agreements are designed to protect both of your interests and help clarify financial expectations and responsibilities during the marriage. Having open and honest communication about a prenuptial agreement and working together to create one can strengthen the relationship and build trust.
Can a prenuptial agreement be modified or revoked?
A prenuptial agreement can be modified or revoked only if both parties agree to the changes. Any changes should be in writing and signed by both parties. In some cases, a court may invalidate a prenuptial agreement if it can prove that the couple signed it under duress or if other invalidating factors exist.
If we divorce, will the prenuptial agreement hold up in court?
For a prenuptial agreement to hold up in Colorado courts, both parties must execute it voluntarily and with full disclosure. It must not be immoral or against public policy. Each party must have consulted with their attorneys. If you meet these conditions, the prenuptial agreement will likely hold up in court, but ultimately it is up to the judge’s discretion.
What is a postnuptial agreement?
If a couple marries and then decides to draft a document about splitting marital assets should the marriage end, they enter into a postnuptial agreement. Some scenarios that require a postnuptial agreement include protecting a business a spouse owns or operates or, in circumstances after the prenup was completed, revising the contract.
Contact Our Colorado Springs Prenup Attorneys
The Gasper Law Group strives to provide Colorado Springs couples with quality legal support in prenuptial agreements. With our vast knowledge and resources, our experienced attorneys can help protect your rights and financial assets. We tailor our solutions to your needs to achieve the best possible outcome in all prenuptial and family law matters.
Call us at (719) 888-4033 or complete our contact form to schedule a free initial consultation for prenup services in Colorado Springs. Our law firm is conveniently located at 101 N Cascade Ave, Colorado Springs, CO.