about marital agreements
Marital agreements are not just for those who are considering marriage. In fact, an agreement can be drafted whether you are engaged or already married. A marital agreement entered into when a couple is engaged becomes effective upon marriage. Couples who are contemplating divorce cannot enter into a marital agreement. In that circumstance, the only solution might be legal separation or divorce.
prenups
For couples who haven’t yet married, a prenuptial agreement serves to address the financial issues mentioned above during their marriage, and upon its potential dissolution. If you bring significant assets to your marriage or if your fiancée has significant debts, a prenuptial agreement is an important way to protect yourself financially.
postnups
Postnuptial agreements are beneficial for couples who were simply unable to procure a prenuptial agreement before their marriage became official. It can also be advisable when a change in financial circumstances warrants a new or updated written contract – such as a large inheritance, the creation of a business, or a change in liabilities for either or both parties.
legal standards
In order for a marital agreement to be enforceable in Colorado, the agreement must: Be in writing, Have been entered into voluntarily by both parties, Include fair and reasonable disclosures by both parties regarding their assets and liabilities, Not be excessive or unreasonable, Not violate public policy or any laws.
legal standards
There are some important limitations to marital agreements: an agreement cannot reduce or eliminate child support responsibilities for either spouse. Marital agreements also cannot punish a spouse for initiating a divorce or restrict lawful remedies for victims of domestic violence. Waivers of spousal maintenance and attorney fee allocations. can even be set aside by the court if they are deemed unfair.