They can help couples avoid expensive divorce cases, even if they aren’t always enforced.
What You Need to Know About Marriage and Money A woman’s hands close up, with one hand pulling off a wedding ring.
Prenuptial agreements, or prenups, have long been a backup option for engaged couples.
In the event that their marriage takes a wrong turn, they force potential spouses to negotiate the division of their assets and who will be responsible for any debts they have.
However, even after the couple has tied the knot, those same questions may occasionally persist or become more significant.
Therefore, postnuptial arrangements, or postnups, are acquiring ubiquity.
Postnups are intended to settle a portion of similar issues a prenup does, for example, who gets which property and how much support a mate will get after a parted, yet for this situation, the agreements are endorsed after the wedding.
It provides couples with a means of defining what will occur in the event of a divorce. Let’s take a look at how a postnup works and whether it can be enforced in this article.
A postnuptial agreement, like a prenup, outlines how a couple will divide their assets in the event of a divorce. However, it is signed after the weddingsometimes for years.
A postnuptial agreement can be signed by a couple for a variety of reasons, such as to protect an inheritance, provide for a spouse who stays at home, transfer ownership of a business, repay a parental gift, or save a marriage.
Prior to burning through cash on a postnup, check with a trustworthy marriage lawyer to figure out how well these arrangements hold up in court in your state.
