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Postnuptial Agreement Lawyer

What Is A Post Nuptial Agreement?

A postnuptial agreement is a legally binding agreement between spouses entered into after marriage.

It differs from a premarital agreement in that the agreement is made after marriage. And unlike a premarital agreement, a postnuptial agreement can bind the spouses regarding other issues that a prenuptial agreement cannot.

A postnup agreement deals with issues such as tax and estate planning, retirement planning, property agreements, and child support. Our law firm can help.

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What Do They Include?

In general, a postmarital agreement deals with issues such as tax planning, estate planning, retirement planning, property agreements, and child support. It can include a division of assets and liabilities upon death or dissolution. It can be very important for blended families to enter into one or more post marital agreements.

Post nuptial agreements are a part of a comprehensive estate plan seeking to minimize taxes. They are used to facilitate wealth planning purposes such as strategic gifting, estate tax minimization & planning, and wealth protection. They are also needed to override the default provisions of ERISA if extensive retirement planning is needed. In addition, they are also used for business and business succession planning. And so much more!

Some Reasons to Get a Postnuptial Agreement

To resolve child support issues before they arise
Debt consolidation/clarification
Tax & Estate Planning
Reduce disagreements and facilitate settlement in case of divorce
Tips and Advice for Making the Most Out of Your Postmarital Agreement:

Plan ahead. You should have a goal or problem to solve in mind before even considering entering into one. You should have a good idea of how you’d like to resolve the issue. And you should have a good understanding of whether or not both parties need a lawyer.

Be realistic and legally sound. A post marital agreement cannot solve every problem known to man, but it can prevent some big problems in the future. It also cannot reduce your tax bill to zero, but can prevent you from paying some gotcha taxes and fees. It isn’t an estate plan, but it does supplement one.

Understand the property rules. Arizona is a community property state. That means that by default you and your spouse share in the fruits of each other’s labors. In other words, you each have equal rights to the income of the other. However, separate property is still separate. Separate property includes things such as assets acquired prior to marriage, inheritances, and gifts to only one spouse.

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Postnuptial Agreements: FAQs

Who Should Get a Postnup agreement?

Anyone who cares about minimizing taxes, leaving a legacy, or planning for contingencies.

What are the requirements for a valid postnuptial agreement?

The transaction should be free from any hint of fraud, coercion or undue influence;

Both parties acted with full knowledge of all the properties involved and all legal rights therein; and

The agreement is fair and equitable.

Do both my spouse and I need an attorney if we want a postnuptial agreement?

If you are represented by an attorney, your spouse should be represented by an attorney.

Is a postnuptial enforceable?

Yes, they are legally enforceable documents so long as they are found valid.

How does a post nup work?

A post nup works just like any other contract. It’s just a contract between you and your spouse.

How much does a postnuptial agreement cost?

Simple post nuptials have an average cost of $2,000 with a range of $1,000 to $3,000.

Complex issues can cost upwards of $7,000 to $10,000 according to postnuptialagreements.org

What cannot be included in a postnuptial agreement?

A postnuptial cannot predetermine child custody, family matters, and employment circumstances.

Can I write my own postnup?

While you can write your own legal documents, if you’d like them to be legally binding it’s advisable to engage an attorney.

Can a postnuptial agreement protect inheritance?

Yes, protecting an inheritance is one of the best reasons to enter into a postnuptial agreement.

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FAQs

What is a postnuptial agreement and how does it work?

​A postnuptial agreement is a legal contract signed by spouses after they are already married. It outlines how assets, debts, and potential support will be divided if the marriage ends in divorce or death. It works by superseding default state laws regarding community property to give you control over your financial future.

How is a postnup different from a prenuptial agreement?

​The main difference is timing. A prenuptial agreement (prenup) is signed before the marriage begins, while a postnuptial agreement (postnup) is signed during the marriage. However, both serve similar purposes in defining financial rights and protecting assets.

Are postnuptial agreements enforceable in Arizona?

​Yes, postnuptial agreements are generally enforceable in Arizona if they meet specific legal standards. To be valid, the agreement must be fair, entered into voluntarily without coercion, and involve full financial disclosure by both parties.

What are the requirements for a valid postnuptial agreement in Arizona?

​For a postnup to be valid in Arizona, it must be in writing and signed by both spouses voluntarily. Both parties must provide a full and fair disclosure of all assets and debts. It is highly recommended that each spouse has independent legal counsel to ensure the agreement is fair and equitable. Unlike prenups, postnups are held to a higher standard because spouses have a fiduciary duty to one another.

When is the best time to get a postnuptial agreement?

You should consider a postnup if your financial situation changes significantly during the marriage. Common triggers include one spouse starting a business, receiving a large inheritance, incurring significant debt, or if there has been marital strife and you wish to reconcile with new financial ground rules.

What assets can be included in a postnuptial agreement?

​You can include almost any financial asset, including real estate, investment accounts, retirement funds, business interests, and personal property. You can also designate specific debts to one spouse, keeping the other spouse protected from liability.

Can a postnup determine child custody or child support?

​No. In Arizona, issues regarding child custody and child support are determined by the court based on the “best interests of the child” at the time of the separation. A judge will not enforce clauses in a postnup that attempt to pre-determine these arrangements.

How much does a postnuptial agreement cost?

​The cost varies depending on the complexity of your assets and the negotiations required. While it involves an upfront legal fee, it is often significantly less expensive than a contested divorce. Contact Copper State Planning for a specific consultation and quote.

Do we both need our own lawyers for a postnup?

​Yes, it is strongly advised that each spouse retains their own attorney. If one lawyer represents both parties, or if one party is unrepresented, a court may later scrutinize the agreement for conflict of interest or unfairness, potentially rendering it invalid.

What happens if we don’t disclose all our assets?

​Honesty is critical. If one spouse hides assets or debts during the drafting process, the entire agreement can be invalidated by a judge later. Full financial disclosure is a mandatory requirement for validity in Arizona.

Can a postnuptial agreement protect me from my spouse’s debt?

​Yes. A postnup can classify specific debts as the separate obligation of the spouse who incurred them. While this binds the spouses to indemnify each other, it may not stop third-party creditors from collecting on pre-existing community debts, so distinct debt partition strategies are required.

Does a postnuptial agreement override a Will or Trust?

​A postnup defines ownership rights, while a Will or Trust distributes property upon death. However, a postnup can waive certain spousal rights to inheritance, ensuring that specific assets go to children from a prior marriage or other beneficiaries, essentially working hand-in-hand with your estate plan.

Can we write our own postnuptial agreement?

​While you can technically draft a document yourselves, DIY postnups are risky and often fail in court. Without specific legal language required by Arizona law, you risk unintentional errors that make the contract unenforceable when you need it most.

Can a postnuptial agreement save a marriage?

​Often, yes. Financial stress is a leading cause of divorce. By settling money matters and defining clear expectations through a postnup, couples often remove a major source of conflict, allowing them to focus on rebuilding their personal relationship.

How do I start the process with Copper State Planning?

​Getting started is simple. Contact Copper State Planning to schedule a consultation. We will review your specific financial situation, discuss your goals, and guide you through the process of drafting a comprehensive and enforceable Arizona postnuptial agreement.

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