Postnuptial agreements, or postnups, are a legal arrangement between two spouses created after marriage. While prenuptial agreements are more well-known and spoken about, postnuptial agreements are equally important and can have many benefits. Generally, a postnup includes how the couple’s assets and debts will be divided if they decide to divorce or separate. They differ from prenuptial agreements, created before marriage; postnuptial agreements are made once a couple has already married. As you decide whether a postnuptial agreement is suitable for you, contact a family lawyer to learn more about the process and see whether it is something you would like to pursue.
Advantages of a Postnuptial Agreement
The following are the advantages of signing a postnuptial agreement, including:
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Protection of assets – A postnuptial agreement can protect both spouses’ assets in the event of a divorce or separation. This type of agreement can outline how property, investments, and other assets will be divided and address any debts incurred during the marriage.
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