Common Terms in Premarital and Marital Agreements

The Rocky Mountain Family Lawyers are Denver’s award-winning family law trial advocates.  We’re experts in PREMARITAL (PRENUPTIAL) and MARITAL (POSTNUPTIAL) AGREEMENT cases in Denver and other cities throughout Colorado.   Call us today to talk personally with a lawyer about with your Denver PREMARITAL AND MARITAL AGREEMENT issues.  (303) 502-9600.

 

Parties are generally free to include a wide variety of terms in premarital agreements (formerly known as prenuptial agreements) and marital agreements (formerly known as postnuptial agreements) in Colorado.   The parties must follow proper formalities and include key statutory advisements to ensure the enforceability of the agreement.   See our separate page on Formalities of Premarital and Marital Agreements.   Better yet, call the Rocky Mountain Family Lawyers at 303-502-9600.  We’re experts on premarital (prenuptial) and marital (postnuptial) agreements in Colorado.

Financial Terms

The heart of any premarital or marital agreement is the division of assets, debts and other financial interests and liabilities.  Parties can agree in advance to divide—or not to divide—existing or future assets acquired by one or both parties, whether that asset is legally “separate” property or “marital” property.   These assets may include real estate, business assets or interests, life insurance, inheritances, retirement funds, stocks bonds and other paper assets, savings and other bank accounts, gifts, tax liabilities, and on and on.  Responsibility for debts of all kinds can also be delegated in premarital and marital agreements, such as notes on deeds of trust (mortgage debt), student loans, credit cards medical bills, judgments and other legal liabilities.

Agreements about the division of retirement funds are also generally enforceable but are subject to state and federal rules that may limit the free transfer of these monies or require special procedures to implement the intent of the parties.   Parties also commonly include provisions about life, health and other forms of insurance in their premarital and marital agreements.

Agreements about maintenance are also commonly included in most Colorado premarital and marital agreements.  Typically, the higher-income party seeks to waive or limit his or her obligation to pay the other party maintenance upon divorce.   Be advised, the court will review all agreements as to maintenance for conscionability, i.e., basic fairness, as of the date of the divorce or legal separation.   The same rule applies to agreements about attorneys’ fees.   Agreements about income are also common in many Colorado premarital and marital agreements, such as whether either spouse’s income is considered separate or marital property.

The above discussion is far from exhaustive but it highlights the myriad issues that may be included in a Colorado premarital and marital agreement.

Non-Financial Terms

Financial considerations are only part of a complete premarital and marital agreement.   Important non-financial terms include choice of venue, choice of jurisdiction, alternative dispute resolution, choice of law, formalities as to notice, and terms relating to estate planning and probate issues,  just to name a few.

Contact a Prenuptial and Marital Agreement Attorney in Denver

Premarital and marital agreements involve a large number of complex legal issues and potentially huge financial stakes.  The Rocky Mountain Family Lawyers are Colorado experts in premarital (prenuptial) and marital (postnuptial) agreements.  Call us now to discuss your legal options and rights concerning premarital and marital agreements in Denver, Colorado and surrounding cities (303) 502-9600.

 

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