Prenuptial agreements and postnuptial agreements can be traps for the unwary. Signing an agreement with unfavorable terms can — absent a court judgment invalidating the contract — cost you greatly. (In one recent Maryland case, it cost the husband $7 million.) Before you sign, make sure you understand exactly what you’re getting into. To do that, be sure you’ve consulted with an experienced Maryland prenuptial agreement lawyer.
As another example, there’s D.R. and L.R., a late middle-aged couple who signed their prenuptial agreement in the fall of 1992. The husband’s lawyer drafted the document. The wife’s attorney counseled against signing the agreement, but the wife signed anyway.
The agreement’s terms called for neither spouse to receive alimony and that the couple would not split income or assets. It also said that “the parties expect to reside together in a location, style, and manner mutually suitable to them,” and that ownership “of any homes, residences, or other real property acquired by [husband and wife] shall be held by the parties as Tenants in Common with no rights of survivorship.”