A postnuptial agreement is a contract between married couples that determines how property, assets, debt, and liabilities are handled in case of divorce or death. It provides peace of mind and protection, especially for high-net-worth couples. A lawyer can help draft, negotiate, and review the agreement. Consulting an experienced marital agreement attorney is essential to explore all options.
Couples decide to enter into a postnuptial agreement for many reasons. A valid marital agreement must have certain characteristics. Both spouses must enter into the agreement voluntarily, with full knowledge of its terms, and the contract should be fair and reasonable.
If one spouse brings significant assets into the marriage, a postnuptial agreement can protect them in case of divorce. Similarly, it can help with estate planning by specifying how assets will be distributed upon death. A postnuptial can also assist with resolving potential disputes about property or financial matters in advance.
Before signing a marital agreement of any kind, both spouses should consult independently with an attorney who could advise them of their interests. Call a postnuptial agreements lawyer in Owings Mills to learn more.
Types of Provisions in Postnuptial Agreements
Postnuptial agreements are designed to address various concerns that may arise if the parties divorce or there is a sudden death. Most commonly, couples contemplate provisions related to the following:
A postnuptial agreement might contain several provisions, including identification and distribution of assets, alimony payments, and other primary issues.
The agreement should clearly identify all assets and debts owed by the spouses, including real estate, bank accounts, investments, and any liabilities.
A postnuptial can specify how assets will be divided in the event of a divorce or death. This may include dividing assets equally, assigning specific assets to each spouse, or using a formula-based approach unique to the couple’s contributions.
The agreement can specify whether spousal support will be paid and, if so, the amount and duration of those payments. It may also include provisions for modifying alimony if circumstances change significantly.
A postnuptial can address custody arrangements for children, including physical custody, legal custody, and visitation rights. In addition, it can specify the amount of child support to be paid and how it will be calculated.
Postnuptial agreements can also specify how assets will be distributed upon the death of one or both spouses. Couples may waive their rights to property, assets, inheritance, spousal support, or other matters. During an initial consultation, an Owings Mills lawyer could provide more information on postnuptial agreements.
A postnuptial agreement is a legally binding contract entered into by spouses after they have already married. Much like a prenuptial agreement, it outlines how assets, debts, and alimony will be handled in the event of a divorce, legal separation, or the death of one spouse. It allows couples to override default state property laws by mutual consent.
Yes. Maryland courts generally enforce postnuptial agreements provided they meet basic contract requirements. Under Maryland Family Law §8-101, spouses may make valid and enforceable agreements regarding alimony, support, and property rights. To be upheld, the agreement must typically be in writing, signed by both parties, and executed voluntarily without evidence of fraud, duress, or unconscionable unfairness.
For a Maryland postnuptial agreement to stand up in court, it must be in writing and signed by both spouses. Crucially, there must be full and fair financial disclosure of all assets and debts. The agreement must be entered into voluntarily, and the terms should not be “unconscionable”—meaning they cannot be so one-sided that they are fundamentally unfair.
Yes, spouses can agree to waive alimony or set specific terms for its amount and duration. Maryland law allows parties to “opt-out” of the court’s default alimony considerations. However, if a waiver would leave a spouse destitute or dependent on public assistance, a court may scrutinize the provision closely and potentially invalidate it to avoid a harsh result.
No. In Maryland, parents cannot contract away a court’s authority to determine child custody. Judges retain the “parental power” to make custody and visitation decisions based solely on the best interests of the child at the time of the split. While an agreement can state the parents’ current preferences, a judge is not legally bound by those specific terms.
While you can include child support provisions, they are always subject to court review and modification. Maryland law holds that children have a right to support that cannot be waived by parents. A court will ensure that any agreed-upon support meets the Maryland Child Support Guidelines and serves the child’s best interests, regardless of what the postnuptial contract states.
Couples often seek a postnuptial agreement when their financial circumstances change significantly after the wedding. Common triggers include receiving a large inheritance, starting a business, or one spouse leaving the workforce to raise children. It is also frequently used as a tool for reconciliation, providing financial security and clarity for spouses who are working through marital difficulties or strain.
While Maryland law does not strictly mandate separate counsel, it is highly recommended. Courts are much more likely to invalidate an agreement if one spouse was unrepresented. Having independent lawyers ensures that both parties fully understand their rights and that the agreement was not signed under duress. This “independent review” is a key factor in proving the agreement’s fairness.
Maryland is an “equitable distribution” state. Without an agreement, courts divide marital property based on fairness rather than a strict 50/50 split. A postnuptial agreement allows you to define exactly what stays “separate property” (like a pre-marital house) and how “marital property” (assets earned during the marriage) should be divided, providing much more certainty than a judge’s ruling.
Yes. You can modify or revoke a postnuptial agreement at any time, provided both spouses agree to the changes in writing. Amendments must follow the same legal formalities as the original document, including signatures and, preferably, notarization. If you wish to cancel the agreement entirely, a written “revocation agreement” signed by both parties is the standard legal procedure.
Without a postnuptial agreement, Maryland’s Family Law statutes and “equitable distribution” rules govern your divorce. A judge will decide how to divide your property, determine the necessity of alimony, and allocate marital debts based on various statutory factors. This process can be more expensive, time-consuming, and unpredictable than following the pre-set terms of a validly executed postnuptial contract.
Yes. A postnuptial agreement is a powerful estate planning tool. It can be used to waive a spouse’s “elective share”—the portion of an estate a surviving spouse is legally entitled to under Maryland law. This is particularly common in blended families where one spouse wants to ensure specific assets or properties pass directly to children from a previous marriage.
The laws surrounding postnuptial agreements can be challenging to navigate without legal assistance. An Owings Mills postnuptial agreements lawyer could help plan and put together a contract that meets both spouses’ needs and preferences.
While no one likes to contemplate difficult circumstances like divorce or the unexpected death of a spouse, a postnuptial agreement can protect both side’s interests.
Contact Nguyen Roche Sutton today to schedule a complimentary meeting with a seasoned family attorney.
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