Free Trader Agreement Attorneys
Helping You with Your Free Trader Agreement Matters
Generally, when married couples purchase property, they must do so as a
unit so that both can be held financially responsible by the mortgager.
This would be a problem for couples who separate and wish to move on with
their lives by buying property independently of their spouse prior to
the finalization of their
divorce. A free trader agreement solves this problem by making it legal for a
still-married person to do so without having to place the other spouse
on the deed to the new property.
At Rech Law, P.C. our Charlotte lawyers can create a free trader agreement
which will protect both spouses in this eventuality. As experienced attorneys,
we have dealt with every type of scenario and issue that can arise in
family dynamics. Our knowledge, skill, and commitment to client satisfaction
are well-known in the Charlotte area, and we can apply all of our legal
abilities to helping you resolve your family law issue.
Phone Rech Law to schedule a consultation at (704) 659-0007 or
contact us online today.
The Benefits of a North Carolina Free Trader Agreement
A free trader agreement gives each person the legal right to purchase property
independently of the other while still being married. This allows the
purchasing spouse to acquire and retain the property as a separate asset;
it also remains his or her sole financial responsibility. Thus, the other
spouse is protected from any financial obligation regarding the purchased property.
Additionally, free trader documents can also contain agreements that the
spouses will not create any other financial obligations in the name of
the other, such as seeking credit. They may also agree to be prompt in
paying any financial obligations they themselves incur independently after
the date of separation and not hold the other responsible for those debts.
This is another protection for both spouses.
Free trader agreements can be created in:
- Separation agreements
- Prenuptial agreements
Free trader agreements need to be drafted according to North Carolina law
and be signed by both parties.
Rech Law – Here to Protect You in Family Law Matters
When it comes to family law issues that have the potential to escalate
into deeper financial and emotional conflicts, a free trader agreement
can be a wise proactive step. Our Charlotte free trader agreement attorneys
stand ready to provide skilled guidance through this financial matter
as well as any other problems that can arise before, during, or after
Reach out to our firm at (704) 659-0007 to discuss your case today.