Wyoming law contemplates and recognizes agreements made prior to, or during, marriage that are intended to govern each spouses' property in the event of a divorce. Prenuptial agreement, a legally binding contract entered into between a couple prior to marriage, is generally concerned with the division of property, including real property (i.e., land or buildings) or personal property (i.e., tangible objects such as jewelry and automobiles, as well as deposit accounts such as your checking, savings, or retirement accounts). A postnuptial agreement is concerned with all of the same things, except it is entered into during your marriage. How do you know if you need a prenuptial or postnuptial agreement? Well, if any of the following scenarios are present in your life, then you should consider looking into a prenuptial or postnuptial agreement:
One or both spouses are bringing major debt into the marriage.
One or both spouses are bringing property into the marriage.
One spouse is much wealthier or poorer than the other.
One or both spouses are remarrying.
One or both spouses have children.
Of course this list is not intended to encompass all possible scenarios. If you have any doubts about whether you should enter into a prenuptial or postnuptial agreement, contact one of our experienced family law attorneys today for a consultation.
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