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![]() | Deville & Halberg, Attorneys and Counselors at Law • Marietta, GeorgiaPremarital and Postmarital AgreementsPrenuptial agreements are written contracts entered into prior to marriage to clarify in advance the rights, duties, and expectations of both spouses. Postnuptial or postmarital agreements are contracts that are entered into subsequent to the marriage, when the spouses seek to clarify their future. Prenuptial agreements are most often entered into when there is a substantial disparity in the wealth between two parties contemplating marriage. A prenuptial agreement enables a person who built substantial wealth through a business, or, who may at a later date inherit wealth, be secure in the knowledge that should their marriage go awry the rights and duties are predetermined. Prenuptial agreements have been enforced in Georgia since 1982. Prior to that time they were held unenforceable, as Courts frowned against agreements in contemplation of divorce as contrary to public policy. It is very important for prenuptial agreements not be so one sided that a court would hold them to be unenforceable. The key elements inclining a court whether or not to enforce a prenuptial agreement are: Was there any Fraud, Duress, Mistake, Non-Disclosure or Misrepresentation used in securing the agreement; whether the agreement as written was unconscionable; and finally, whether there has been any change in circumstance since entering into the agreement that would make enforcement of the agreement unfair. One of the most important aspects of a prenuptial agreement is for both parties to attach a recent statement of net worth, showing all assets and liabilities known to the party as of the date of the execution of the agreement. It is equally important that both parties be represented by counsel when entering into a prenuptial agreement so that each one will know their legal rights under the agreement. Postnuptial agreements have become increasingly popular. Oftentimes couples will separate, even going so far as to file divorce proceedings, only to reconcile at a later date. In this instance, a postnuptial agreement provides the parties with a document detailing division of property and assets, child custody, child support, visitation, and spousal support if they decide to divorce at a later date, saving them much repeat anguish and future legal expenses. Located in East Cobb, convenient to Atlanta, Sandy Springs, Roswell, Marietta, and Alpharetta • Available Daily 9:00 am to 5:00 pm and by Appointment Deville & Halberg, Attorneys and Counselors at Law Deville & Halberg, Attorneys and Counselors at Law, offers representation in all facets of family law, divorce, and civil litigation to residents of the Metro Atlanta Area, including Cobb County, Fulton County, DeKalb County, Gwinnett County, Forsyth County, and Cherokee County, Georgia, from our centrally located East Cobb office. The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for individual advice regarding your own situation. Copyright © 2010 Deville & Halberg. All rights reserved. You may reproduce materials available at this site for your own personal use and for non-commercial distribution. All copies must include this copyright statement. |