Contrary to what many might believe, prenuptial and postnuptial agreements are a good thing. With the number of couples getting divorced these days hovering around 40 to 50 percent, it should make a lot of sense to want to protect yourself and your assets if you do end up following in the footsteps of millions of Americans. Prenuptial agreements can be useful, but if you do not create such a contract before you tie the knot, postnuptial agreements can be just as good.
What is a Postnuptial Agreement?
A postnuptial agreement is similar to a prenuptial agreement, except a postnuptial agreement is one that is entered into after a couple is already married, while a prenuptial agreement is signed prior to a couple getting married. A prenuptial agreement essentially sets forth out how a couple’s assets and debts will be divided in the event of a divorce.
Could a Postnuptial Agreement be Right For You?
A postnuptial agreement can be helpful for any couple no matter how many assets you have. You should consider getting a prenuptial agreement if:...