A marital agreement is a contract between spouses who plan to marry, are already residing together, or are currently married. North Carolina recognizes both Prenuptial and Postnuptial Agreements.
While it may be a difficult conversation to have with your intended spouse, addressing how assets would be divided in the event of a divorce is smart financial planning. A premarital agreement is a contract put in place before the marriage occurs that spells out in writing what the couple has agreed to.
If you are considering a premarital agreement, seek legal advice from an experienced attorney. Having an attorney draw up your contract will ensure that it is legally sound and it covers all aspects of your current and future financial situation.
Postnuptial agreements are lesser known contracts, but they can address many of the same issues as a premarital agreement. The distinction is that they are signed after the individuals are married. A postnuptial agreement may be used for married persons to release, quitclaim or dispose of rights in which they otherwise would be entitled.