Monday, April 7, 2008

Another Postnuptial Agreement Article

This time from CNN.com. I think the article fits in with other articles I have posted about here and here.

A postnuptial or mediated agreement can help save a couple's relationship -- if that's their goal.

"In cases where couples want to stay married, it can apply very efficiently," says Cambridge, Massachusetts, attorney John A. Fiske. "If they don't want to stay married, it's hopeless."

The Boston couple, who had been married 30 years, fell in the former camp. Fiske helped them put into writing a mutually acceptable financial plan. They agreed to transfer their house into the wife's name, both to address her fear of losing the asset and to insulate it from the husband's business debts, and to split the mortgage and other household expenses.

That was 18 months ago, and they credit the post-nuptial agreement with helping them become a mutually supportive couple again.

I have yet to see a post-nuptial agreement where the parties were not in the midst of a divorce or were contemplating a divorce but I can see its benefits. Like prenuptial agreements, I doubt that the general public will use the opportunity presented by a post-nuptial agreement.

1 comment:

Dick Price said...

With your post as a starting point, I have written about postnuptial agreements created by using Collaborative Law to reach the agreement. I always appreciate your insight and your ability to find interesting articles in a variety of sources. Keep up the good work! --Dick Price in Texas Collaborative Law Blog, http://texascollaborativelaw.blogspot.com/.