Postnuptial agreements allow spouses to change the character of property acquired during their marriage. The attorneys at Davidson Law are prepared to help you write such an agreement today.
In Texas most property that is acquired during a marriage is considered community property and is subject to division in the event of a divorce. Examples of property that are not community property are items owned prior to marriage, items acquired during marriage by gift or inheritance, and personal injury settlements acquired during marriage that compensate the injured spouse for their pain and suffering.
Spouses may wish to change the character of some of their property during the course of their marriage. If that comes up the spouses should contact the attorney at Davidson Law to help them draft a Postnuptial Agreement. This agreement between spouses can change community property into separate property of one of the spouses, or separate property into community property.
Additionally, spouses may wish to enter into an agreement for the division of their property in the event of a divorce. Some spouses enter into these agreements before their marriage begins and they are referred to a Prenuptial Agreements, or a Prenup. If spouses enter into such an agreement after they are married it is called a Postnuptial Agreement. These agreements can outline how the parties will behave in the event of a divorce but they cannot limit one spouse’s right to child support.
If you and your spouse want to enter into a Postnuptial Agreement, please call Davidson Law today to schedule a free consultation.