Don’t Forget Your Estate Plan If You Execute a Pre- or Post-Nuptial Agreement

More and more spouses are executing pre-nuptial agreements prior to getting married and also executing post-nuptial court-approved agreements after they get married.

In Louisiana, these agreements are called Separate Matrimonial Regime Agreements. They are particularly important because they ensure that property acquired – or debts incurred – during the marriage remain the separate property of the person acquiring that property or the separate debts of the person incurring those debts.

However, the execution of a pre-nuptial agreement or post-nuptial agreement can create unintended consequences for estate succession purposes. It is important to remember that when a pre-nuptial agreement is executed or post-nuptial agreement is executed and approved by a court, all property of the person is deemed to be his or her separate property.

If one of those persons dies (decedent) that executed a pre or post-nuptial agreement and no will executed by the decedent, that decedent’s property will go to the decedent’s children or family (siblings, parents, etc.) and will not go to the other spouse upon the decedent’s death.

Therefore, it is necessary for spouses that have executed a pre- or post-nuptial agreement to consult with an experienced estate planning attorney in order to adequately plan and provide for the other spouse by written will if they so desire.

If you need legal assistance for matters such as these, contact Losavio & DeJean, LLC, The Louisiana Elder Law Firm online or call (800) 835-5864 for help.