Prenuptial and Postnuptial Agreements
The proposal has been made, the date is set, but there is one more important detail to discuss before navigating your nuptials. Secure peace of mind for your future with a prenuptial agreement.
While it may not be the most romantic topic, preparing for all eventualities is a smart move. Marriage isn't just about love—it's also a legal partnership that intertwines financial futures. Our seasoned Trusts and Estates attorneys guide you through the process, ensuring you and your spouse-to-be, are protected every step of the way and that tax and other considerations are appropriately addressed.
-
Kyle Gee
Partner 216.696.4200 x1022
Email -
David M. Lenz
Managing Partner 216.696.4200 x1145
Email -
Jamie E. McHenry
Partner 216.696.4200 x1016
Email -
Brittany M. Payne
Associate 216.696.4200 x1115
Email -
Claire Robenalt
Associate 216.696.4200
Email -
Justin L. Stark
Partner 216.696.4200 x1131
Email -
Geoffrey D. Wills
Associate 216.696.4200 x1078
Email -
J. Talbot Young, Jr.
Of Counsel 216.215.8325
Email
Prenuptials: Meanings, Myths and Misconceptions
Prenuptial agreements, or “prenups,” often come with a cloud of misconceptions. Many people think they’re only for the rich and famous or assume that discussing a prenup casts doubt on a marriage before it even begins. But prenups are practical tools that help couples of all financial backgrounds protect their assets, define financial expectations and ensure a smoother process if circumstances change. Prenups can cover what would happen in the event of a separation, divorce or dissolution of the marriage, but they also can address inheritance rights in the event of the death of a spouse. This could be an important issue to address, particularly if there are children from a prior marriage, if a family-owned business is part of the balance sheet or if a significant ancestral inheritance could be impacted.
One common myth is that prenups take a long time to finalize, but with the right legal guidance, they can often be completed in a matter of weeks. Timing is crucial, though—it's recommended to start the conversation early, ideally a few months before the wedding, to ensure both parties have the time to thoughtfully consider their agreement. Far from being a sign of mistrust, a prenuptial agreement fosters open communication about finances, providing peace of mind for both partners as they start their life together. Whether you're protecting personal assets, family businesses or simply looking to avoid future misunderstandings, a prenup can be a smart step in securing your future.
The Power of a Postnuptial
What is a postnuptial agreement? Recognized in Ohio since 2023, this legal document allows married couples to define the division of assets and financial responsibilities in the event of separation, divorce or death of a spouse. A postnuptial can also be used to amend, revoke or terminate a previously executed premarital agreement. This can be very important to address if the premarital agreement was signed many years ago and its terms have become stale or outdated over time. A postnuptial agreement can be essential for couples needing to adapt to changes that have occurred since their wedding day.
At Schneider Smeltz Spieth Bell LLP, our attorneys excel in crafting these instruments, leveraging their deep understanding of the law, tax implications, business matters and estate planning. With this broad expertise, we ensure your postnuptial agreement will be comprehensive and tailored to protect your interests and secure your future.
Are you getting ready to say,
“I do?”
Are you already married, but circumstances have changed? Contact the Schneider Bell team today to talk about how we can future-proof your marital assets.