In today’s society, many couples opt to create a prenuptial agreement before they tie the knot. This type of legal contract allows couples to dictate the division of assets in the event of a divorce. Once a prenuptial agreement is created, the terms mutually agreed upon are legally binding. This tends to make couples wonder if they can revise their initial prenuptial agreement after they tie the knot as sometimes circumstances change. In Tennessee, couples are permitted to revise or modify the terms of their initial prenuptial agreement after they tie the knot. In addition, couples can terminate their initial prenuptial agreement if they wish to do so after marriage. If you are interested in revising your initial prenuptial agreement, contact a trusted Memphis, Tennessee Prenuptial Agreement Lawyer who can help you amend you original agreement to account for any major changes in circumstances.
Why would a couple choose to revise their initial prenuptial agreement in Tennessee?
As mentioned above, a prenuptial agreement is a legal contract that legally binds couples to the terms they mutually agreed upon regarding the division of property and assets in the event the marriage fails. In certain states, couples are not permitted to make revisions to their initial agreement. However, Tennessee allows couples to revise or change their original agreement. There are several reasons why a couple may choose to make revisions to their initial prenuptial agreement. When there are significant changes such as the couple having children or their financial situation drastically changing, they may need to amend their initial agreement to reflect their current situation. Additionally, a couple may gain assets such as another property that they may want to include in their agreement. In some cases, couples simply do not want to have one any longer. Couples may nullify their agreement if they wish to do so. Couples need to make revisions to their initial agreement if they have any major life changes. Nevertheless, regardless of the reasoning, couples in Tennessee are entitled to make modifications to their original prenuptial agreement.
How do I make revisions after marriage?
To revise an initial prenuptial agreement, both parties must mutually agree to make revisions to their initial agreement in writing. It is imperative to note, however, that a prenuptial agreement cannot be amended or altered if a couple is undergoing a divorce or is separated. Additionally, they cannot revise the agreement if one spouse does not consent to the revisions. Nonetheless, if both parties agree to the revised conditions, they can amend their agreement. To do so, they can either add revised conditions to the existing contract or sign a completely new agreement. Oftentimes, it is easier for a couple to draft a postnuptial agreement. A postnuptial agreement has the same functions as a prenuptial agreement. However, a postnuptial agreement can only be created after a marriage has already taken place. Sometimes couples do not want to change their initial agreement and instead want to add revised conditions, which makes a postnuptial agreement a viable option. Ultimately, couples can either add a revised amendment or draft a completely separate contract.
If you want to make revisions to your initial prenuptial agreement, please don’t hesitate to contact our dedicated and skilled team members. Our firm is committed to helping our clients revise their initial agreement to reflect their current circumstances.