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Making a Postnuptial Agreement
A Postnuptial Agreement is a two-way contract made by a married couple that is intended to protect both spouses by outlining each person's existing assets and debts, defining how finances will be managed during the marriage, and planning what will happen if the partners choose to part ways, either voluntarily or by death. Postnups are not just for the wealthy, they are suitable for any married couple who wants to have more control over their finances.
There are many reasons why a married couple might decide to make a Postnup. Here are a few examples:
Any lawyer, accountant, or survivor of a challenging divorce might say that every married couple can benefit from having a Postnuptial Agreement in place. In reality, the decision to make a Postnup is up to you and your spouse. An uneven agreement could have detrimental long-term consequences, so it is a good idea to ask a lawyer to review your agreement before you sign.