The Fullerton Amendment to Postnuptial Property Agreement is a legal document specifically designed for married couples in the state of California who wish to modify or change the terms of their existing postnuptial property agreement. This amendment enables the spouses to make adjustments to their property rights and financial obligations, ensuring that it accurately reflects their current wishes and circumstances. One of the key aspects of the Fullerton Amendment is that it pertains specifically to California law. Since property division in California follows the community property system, where assets and debts acquired during the marriage are considered jointly owned, this amendment allows couples to customize their agreements accordingly. This ensures that both parties have a clear understanding of how their assets and liabilities will be divided in the event of a divorce or separation. There can be different types or variations of the Fullerton Amendment to Postnuptial Property Agreement, depending on the specific provisions the couple wishes to modify. Some common types of amendments in California may include: 1. Modification of Property Division: Couples may want to alter the way their assets and debts are divided. They can specify a different percentage or arrangement to distribute community property, as opposed to the standard 50/50 division. 2. Inclusion or Exclusion of Certain Assets or Debts: The amendment allows couples to add or remove specific assets or debts from the postnuptial property agreement. For example, they can exclude an inheritance or a separately owned property from being considered community property. 3. Spousal Support (Alimony): The Fullerton Amendment can also address the issue of spousal support. Couples may wish to modify the terms of spousal support payments, such as the duration or amount to be paid, or even waive it altogether. 4. Child Custody and Support: While child custody and support are primarily determined by the best interests of the child, the Fullerton Amendment can address any agreements or modifications related to child custody arrangements or the division of associated expenses. It is crucial to consult with an attorney specializing in family law before drafting or executing a Fullerton Amendment. They can guide couples through the process, ensuring that the amendment complies with California law and effectively reflects the couple's intentions.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.