A prenuptial agreement is a valuable tool for many couples to protect their finances should they get divorced. Though most commonly associated with high net-worth couples, a prenup is ideal for all couples to shield their assets if they decide to divorce down the line. However, like most everything in life, your finances will change over the course of your marriage. As a result, you may be unhappy with the terms of your prenup from a few years ago. Luckily, Los Angeles prenuptial agreement attorneys can help you and your spouse revise the conditions of your document.
Why Would You Want to Revise Your Prenuptial Agreement?
There are a number of reasons that a couple would want to change their prenuptial agreement. As you and your spouse get older, the circumstances of your finances can change. For example, if one partner starts a new job or career that comes with a significant increase in their paycheck, this may not be reflected in the terms of your agreement. Similarly, if the couple has children, this can change the prenup’s terms. However, some couples may just come to the agreement that his document is no longer necessary.
What Are the Options to Change the Agreement?
Generally, there are two ways to change your prenuptial agreement. The first is common for couples who need to make one or two changes by simply adding an amendment to the original document. In most cases, the original agreement will likely have guidelines on how to add modifications, should they arise.
However, if there are no terms for what to do in the event that you and your spouse want to make changes, you will likely need to create an entirely new document. This means you will have to draft an entirely new postnuptial agreement that includes the updates and changes you want to include.
It is important to note that your spouse must agree to the changes you wish to make. As both of you created and signed the original document, both parties must agree to and sign the changes.
Should I Enlist the Assistance of an Attorney to Help Me Change My Prenup?
If you and your spouse decide to change the agreement, ensuring you hire an attorney is crucial. Despite the love you and your spouse have for each other, hiring your own attorneys can help protect both of your best interests. Similarly, ensuring both spouses are represented by their own attorneys can help prove to the courts that you and your spouse are making these changes after careful legal consideration.
When you and your spouse are ready to make the necessary changes to your prenuptial agreement, you’ll need the help of a seasoned attorney. At the Zitser Family Law Group, we understand how crucial it is to protect your finances. Our dedicated legal team can help you navigate this process. Reach out today to get started with one of our competent lawyers.