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A Post Marital Agreement Could Save Your Marriage

 Posted on February 22, 2014 in Divorce

post nuptial agreement, post marital agreement, marriage, Illinois divorceSometimes, the communication in a relationship can break down. Financial concerns are often the source behind this communication breakdown. Unfortunately, this tends to be a self-reinforcing problem. The more concerned each person is, the more uncomfortable the subject becomes, and the less a couple communicates. Fortunately, there is a way to open the lines of communication and clear the air: a post-marital agreement.

According to a recent article in the Huffington Post, a post marital agreement has many advantages. Not only can it help open the lines of communication when it comes to your finances; it also helps to let each person know what their responsibilities and obligations are as far as the couple’s finances go.

Marriage is an economic partnership as much as it is an emotional one. Knowing what each person expects from the other as far as finances go can ease much of the tension that can occur in the relationship.

When creating a post marital agreement, there are several questions that need to be considered. While a few are listed below, it may be helpful to consult an attorney who is knowledgeable of this area of the law for help.

  • Who holds debt, and who is responsible for paying it off?
  • How are earnings allocated? Are there any inequities in how money is being spent or saved? What percentage of each person’s earnings should be allocated for personal spending?
  • What are the marital priorities for the future? What are your financial goals for the future (children’s education, retirement, etc)?
  • What happens if one of you becomes seriously ill or disabled?

These questions and more should be considered when creating a post marital agreement. Discussing these questions and creating a binding legal plan for your financial future as a couple can help clear the air and remove the stress finances often cause in a marriage.

If you are considering creating a post marital agreement with your spouse, consulting with an attorney knowledgeable of the legal process can help. Contact A. Traub & Associates today for a consultation. We can help you ensure that your post marital agreement covers all necessary questions and is valid within the law.

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