Many marital agreements exist to help couples protect themselves, their assets, and to help resolve family law issues. In order to utilize these agreements effectively, Mullaney & Mullaney recommends the assistance of one of its experienced attorneys.
Mullaney & Mullaney has successfully helped many people resolve family law matters and create effective marital agreements.
Premarital or Prenuptial Agreements
These agreements are utilized by one spouse to protect his or her assets and property in the event of divorce. Premarital / prenuptial agreements list all individual assets and property not considered marital property once that individual is married. As a result, these assets and property are not subject to equitable distribution laws in the event of divorce. These agreements are most important for those who have children from a prior relationship or who have accumulated significant assets.
Marital Settlement Agreements
A post-marital agreement is signed after a couple is married and can also be called a “property settlement agreement” or “marital settlement agreement.” These agreements create arrangements for child custody, payment of child support, parenting plans, visitation rights, division of property and debts, and timesharing.
Marital Separation Agreements
These agreements are written contracts between spouses and are created during divorce proceedings or when couples first decide to separate. Often called property settlement agreements, these agreements determine how alimony or custody is paid, how property is to be divided, and clarifies other legal rights retained during the dissolution of the marriage.
Marital Property Agreements
Marital property agreements acknowledge the fair, but not necessarily equal, division and distribution of marital property. Pennsylvania defines marital property as property, income, or assets acquired during marriage.