Prenups, or prenuptial or premarital agreements, are financial contracts made between the two engaged parties prior to the marriage. It establishes certain rules about how assets or debts will be divided if the marriage dissolves.
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Post-marital agreements — also called postnuptial agreements or postnups — cover the same issues as premarital agreements. However, postnups are negotiated and signed by already-married couples.
Post-marital agreements have gained traction lately. Couples utilize this tool to provide predictability in the handling of inheritances or gifts received during a marriage or in the allocation of their business interests. Sometimes, the marriage has endured a rough patch but the spouses have reconciled and wish to formalize any new understanding about financial issues they‘ve reached.
A domestic partnership agreement is akin to a premarital agreement. It’s used by parties who do not intend to marry or who intend to register a domestic partnership (civil union) with the state.
Like a prenup, a domestic partnership agreement enables a couple to keep finances and debts separate. It can be an effective protection plan should the domestic partners split up or a partner passes away. Learn more about domestic partnerships here.
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One of the best perks of a done-for-you relationship agreement is having less to worry about. With fewer things on your to-do list, you can spend more time and effort concentrating on your special someone instead of decoding the legalese.
You get the support and service of our knowledgeable and caring team from Day 1. If you have questions, need advice on aspects of your agreement, or want a bit of assistance with the prenup form — we’re here for you.
In Oregon and Washington, prenups can’t address child custody/support, illegal terms, extreme one-sidedness, or spousal support waivers. Additionally, prenup agreements must not encourage divorce, involve immoral activities, focus on personal lifestyle, or lack full financial disclosure. Hire a seasoned prenuptial agreement lawyer for personalized information.
A prenup in Oregon and Washington must be based on full and accurate financial disclosures from both parties. However, the agreement itself doesn’t have to cover all assets and financial matters. A qualified postnuptial agreement lawyer will be able to give you details suited to your needs.
It varies depending on complexity and negotiation. Typically, creating a pre-or postnup takes several weeks to a few months because both parties need to engage independent legal counsel and ample time to review, negotiate, and finalize the agreement.
They generally remain in effect throughout the marriage unless amended or revoked by both parties. Legal changes or significant life events may prompt review or modification.
