Whose Property Is It Anyway? Postnups Allow Spouses to Choose

In California, postnuptial agreements allow spouses to dictate how property is divided between them.

2012-09-07

September 07, 2012 (Press-News.org) The prenuptial agreement, a close relative of the postnuptial agreement, seems to get all the attention these days. That does not mean that the postnuptial agreement is any less important, though. If you are married, you should know the various benefits you and your spouse can reap from working together to craft a postnuptial agreement. If you are going through divorce and have a postnuptial agreement in place, you need to know the impact this agreement might have on your divorce.

Post-Marriage Agreements

Postnuptial agreementsare contracts made between two spouses after they enter into marriage. According to HuffPost, a postnuptial agreement can handle a variety of issues, such as the following:
-How the spouses will pay for retirement and children's education
-How the spouses plan for illness or disability
-How each spouse will be protected in the event of the other's death
-Whether property is held jointly or individually
-Which spouse is responsible for paying debts
-How earnings are allocated and spent
-What role each spouse plays in any business interest held by either spouse

Celebrity Postnuptial Agreement

Postnuptial agreements serve as a way to keep the marital finances in order and, in some cases, separate. For example, supermodel Heidi Klum's recent divorce filing claimed she and husband Seal have a postnuptial agreement that provides that their property be kept separate in the event of divorce, according to Examiner.com.

Seal's response, however, did not mention the postnup. Instead, Seal seeks to have the couple's "quasi-community" property divided between them under California's default community property rules. In California, property obtained by either spouse during the marriage, except for gifts and inheritances, is considered to be owned by both spouses. A valid postnuptial agreement would thus make a tremendous difference in how this case is resolved.

Spouses who want to customize the way their assets and financial obligations will be divided should contact a skilled divorce attorney who can draft a post-marital agreement on their behalf.

Article provided by Law Offices of Dorie A. Rogers
Visit us at http://www.drfamilylaw.com/

ELSE PRESS RELEASES FROM THIS DATE:

OSHA Tells New Jersey Contractors to Focus on Fall Prevention

2012-09-07

The Occupational Safety and Health Administration reported that over 10,000 construction workers suffered injuries as a result of workplace falls in 2010 alone; 250 workers died that same year after falling at a job site. More recently, a series of construction worker falls in New Jersey has prompted OSHA to look into these workplace accidents and to urge contractors to follow safety regulations. Construction Falls in New Jersey Four construction workers fell in workplace accidents in the spring of 2012 in New Jersey. One worker fell through a roof into a vat of acid ...

Divorce Rates Rising Among Couples Over 50

2012-09-07

Even as the overall divorce rate is stabilizing in the U.S., baby boomers across the nation are bucking the trend and divorcing in record numbers as they ease their way into retirement. Divorceamong couples over 50, sometimes referred to as "gray divorce," has doubled over the past two decades, according to a study at Bowling Green University. Experts point to a number of factors that may play a role in the growing prevalence of gray divorce, including longer life expectancy and changing attitudes about marriage and self-fulfillment. Many couples divorce during ...

Medication Errors Deadlier Than Diabetes, Report Says

2012-09-07

Preventable medication errors kill an estimated 98,000 people each year in the U.S., according to a study by the Institute of Medicine. By these estimates, as pointed out by Justice.org, preventable medication errors would fall between accidents and diabetes as the sixth-leading cause of death if they were included as a category by the U.S. Centers for Disease Control and Prevention. What Is Medication Error? A medication error is an accident, oversight or other preventable event that causes medication to be used incorrectly. Common types of medication errors include: ...

Transportation Insight Recognized Five Years Straight on the Inc. 500|5000

2012-09-07

Transportation Insight, a leading global third-party logistics provider, has been recognized for outstanding sales growth by Inc. Magazine for the fifth year in a row. During a time of economic recession and instability, Transportation Insight has been repeatedly honored as part of the Inc. 500|5000, an exclusive ranking of the fastest-growing private companies in the United States. Making the list five times also landed Transportation Insight a spot on the highly respected Inc. honor roll. The 2012 Inc. 500|5000 is ranked according to percentage revenue growth when ...

NodeGuru Offers Node.js Development For Its Clients

2012-09-07

Nowadays we hear about Web development and Web design almost at every street corner. With the technology development more and more companies are searching for people, who will help them to create various websites or applications. These can be different interactive or business applications; we usually see them on all social networks. Despite the fact that almost everybody has a computer, works with basic programs and knows at least something about programming, only a few people know what web developers really do. Who are web developers? We face their work every day ...

iTeleCenter's Virtual Phone System is Changing the Face of Home-Based Businesses

2012-09-07

Many home-based businesses are turning to a Virtual Phone System like iTeleCenter to fulfill their need for a toll free business number. They have been able to avoid the expense of installing secondary lines in their homes while still keeping their business line professional. These small companies can choose from a large inventory of 1800 numbers that are tied to the system. In a recent survey, most respondents noted the low cost of the service bundled with the ability to receive calls on their home or mobile phones - while keeping these numbers private - as the number ...

Shoeless Joe's opts for Paperless Menu Boards.

2012-09-07

Working in collaboration with newly appointed Canadian based partners, RadiantGroup, Acquire Digital have provided their advanced software solution to power interactive menus for a popular sports bar. RadiantGroup have also supplied their exclusive technology CaptivTouch digital screens which have been installed outside the bar and uses a blend of motions, sounds, videos and animations to entice customers into the restaurant. The digital screens entice passing customers by advertising what's going on inside the bar. They also enable customers to interactively browse ...

SibCode Announces the Release of Retina App Tab Bar Icons

2012-09-07

SibCode announces the release of Retina App Tab Bar Icons, a royalty-free library of stock images for application developers and web designers. The new set includes 499 icons drawn in valid style, color and gamut. The Retina App Tab Bar Icons collection sells for $49.00. About Retina App Tab Bar Icons Retina App Tab Bar Icons is the perfect choice for busy application and Web site developers. This collection of 499 icons with matching properties such as style and colors, can be used in various projects and scripts, as well as on blogs, forums, and Web sites. Retina ...

StivaSoft Developing Swopee.com Web Professional Bartering Platform

2012-09-07

StivaSoft Ltd announced today the development of an exciting new concept in web professional work-bartering, http://www.Swopee.com. Webmasters, designers, SEO experts, content writers and freelancers will be able to network with each other at Swopee.com to arrange service exchanges with other top professionals. At Swopee.com, hundreds of skilled professionals will barter their time and expertise with others - with no cash expenditures! Swopee.com is a natural solution for a number of challenges faced by web professionals: - Circumvent Budgetary Constraints: Entrepreneurs ...

London Family Bathroom Transformed in Just 3 Weeks Thanks to Simply Extend

2012-09-07

Some might believe that extending and updating their bathroom would be a costly and time consuming process, but with the help of Simply Extend, London's premier extensions company, one family from Lower Mortlake Road in Richmond gained their dream bathroom extension in just 3 weeks. Better yet, they enjoyed a fantastic price. Simply Extend provide a practical and cost effective alternative to moving house, for families which need more space but don't want to go elsewhere. From beautiful open plan kitchen extensions to rear extensions or entirely new bathrooms, Simply ...

Whose Property Is It Anyway? Postnups Allow Spouses to Choose

ELSE PRESS RELEASES FROM THIS DATE:

LAST 30 PRESS RELEASES: