A postnuptial agreement is a legal document that a couple can enter into after they are married. It is similar to a prenuptial agreement, which is signed before a couple becomes legally married. A postnuptial agreement, or “postnup” may outline how assets and debts will be divided and other financial matters will be handled in the event of a separation or divorce. By understanding the benefits of a postnuptial agreement and working with an attorney to create and execute a document that will be valid and enforceable, couples can make sure they have the necessary protections in place if they decide to end their marriage in the future.
Why You May Want to Consider a Postnuptial Agreement
There are several reasons why couples might consider entering into a postnuptial agreement, including:
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A change in wealth or power dynamics: If one spouse experiences an increase in the income they earn or the assets they own, it may be wise to have a postnuptial agreement in place to protect those assets. An agreement may address ownership of an inheritance, income earned following a promotion, or investments that a couple has made during the marriage.
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