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What Can a Postnuptial Agreement Attorney in Culver City Help Couples Address?

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What Can a Postnuptial Agreement Attorney in Culver City Help Couples Address?
Marriage can bring changes in income, property, business interests, family responsibilities, and financial goals. A postnuptial agreement attorney in Culver City can help married couples understand how a written marital agreement may address certain financial and property matters after they are already married. 
California law allows spouses to alter certain property rights through a marital property agreement, but the agreement must be prepared and entered into with applicable legal requirements in mind.
A postnuptial agreement is different from a prenuptial agreement because it is created after the marriage has already taken place. The circumstances surrounding the agreement can therefore be important when considering how it should be prepared and reviewed.

Changes in Financial Circumstances

A couple’s financial situation can change considerably after marriage. One spouse may start a business, receive an inheritance, acquire significant property, or experience a major change in income.
These developments can lead spouses to reconsider how certain property and financial responsibilities should be handled. A written agreement can provide an opportunity to clearly document the couple’s intentions concerning matters that California law allows spouses to address by agreement.

Property Classification

Property classification can become particularly important when spouses want to clarify whether certain assets are intended to remain separate property or be treated as community property.
California law permits spouses, subject to applicable requirements, to make agreements affecting their property rights. When an agreement changes the character of property, additional rules can apply. 
California Family Code §852 generally requires a written declaration containing an express statement concerning the change and acceptance by the spouse whose interest is adversely affected.
This makes careful drafting important. A general statement about finances may not accomplish the same legal purpose as a properly prepared written agreement.

Business and Investment Interests

A growing business can introduce financial questions into a marriage. The same can be true when one spouse owns investments, real estate, or other valuable interests.
A postnuptial agreement may address property rights concerning these assets when the agreement complies with applicable California law. The agreement can help document how spouses intend certain property interests to be treated.
This does not mean that simply mentioning a business or investment in an agreement automatically determines its legal classification. Ownership history, contributions, income, commingling, existing agreements, and the wording of the document can all matter.

Debts and Financial Responsibilities

Financial planning within a marriage can also involve debts and other obligations. Couples may want to establish written expectations concerning particular financial responsibilities.
A properly prepared marital agreement may address property-related financial arrangements that California law permits spouses to establish by contract. However, an agreement cannot simply override every legal obligation a spouse may have to third parties.
For that reason, couples should consider existing loans, jointly held accounts, business obligations, and other financial relationships when discussing a postnuptial agreement.

Spousal Support Considerations

Spousal support can also be an important subject when spouses are creating a marital agreement. California law has specific rules concerning agreements affecting support, so couples should not assume that any provision they write themselves will necessarily be enforceable.
A Culver City prenuptial agreement attorney may also help couples understand the distinction between a premarital agreement and an agreement created after marriage. Although the documents can address related financial subjects, the legal circumstances surrounding them are different.
California Courts also recognize that agreements involving property and support require careful attention to financial disclosures and the terms being accepted by both spouses.

Full Financial Information Matters

A postnuptial agreement deals with financial rights, making accurate financial information especially important. Each spouse should have a clear understanding of the property, income, debts, and other relevant financial circumstances involved in the agreement.
California law also recognizes fiduciary duties between spouses. This means the legal relationship between spouses is an important consideration when one spouse is negotiating an agreement that affects the other spouse’s financial rights.
A lawyer can help identify the information that should be reviewed before the agreement is drafted or signed.

Voluntary and Informed Agreement

A written agreement is not simply about putting two signatures on a document. The circumstances surrounding how the agreement was created and signed can matter if its validity is later questioned.
Couples should have enough time to understand the terms and consider their individual legal interests. Independent legal advice can also help each spouse understand what rights may be affected before signing.
California courts explain that a spouse can ask a lawyer to review an agreement before signing, even when the lawyer is not representing them for an entire family law matter.

Important Areas to Review

Before signing a postnuptial agreement, spouses may need to carefully review:
  • The property covered by the agreement
  • Existing and future financial obligations
  • Any provisions concerning spousal support
  • Financial disclosures provided by each spouse
  • The language used to change or preserve property rights
  • Whether the agreement reflects what both spouses actually intend
The appropriate provisions will depend on the couple’s circumstances and the purpose of the agreement.

Why Careful Drafting Matters

A postnuptial agreement can involve significant financial rights. Unclear language can create uncertainty about what the spouses intended, particularly when property has changed in value, been combined with other assets, or been transferred during the marriage.
California law also contains specific requirements for property transmutations. This is why a carefully drafted agreement should distinguish between different types of property and clearly state the intended treatment where necessary.
Legal review can also help identify provisions that may conflict with applicable law before the spouses rely on the document.

Final Thought: Put Financial Expectations in Writing Before They Become Disputes

A marriage can change over time, and financial circumstances can change with it. A postnuptial agreement gives spouses a way to put certain financial intentions into writing after marriage, but the agreement must be approached with care. Property rights, debts, business interests, and support provisions can involve important legal consequences. 
Understanding California’s requirements before signing can help couples make informed decisions about the agreement and the rights it addresses.
This blog is provided for general informational purposes only and does not constitute legal advice. California family laws and legal procedures may change, and the enforceability and effect of a postnuptial agreement depend on its specific terms and the circumstances under which it was created. For advice about your individual situation, consult a licensed California attorney.
Law Office Anne Dowden Saxton
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