Consider a Postnuptial Agreement for Your Marriage

 Posted on December 00, 0000 in Postnuptial Agreement

Prenuptial and postnuptial agreements have long been considered taboo or unromantic. While it is probably close to one of the most unromantic topics you could discuss, divorce is a possible reality for any married couple. Entering into a prenuptial or postnuptial agreement can help you if you do decide to get a divorce somewhere along the road. Ironically enough, these kinds of agreements can also help you during your marriage, too, which is one of the reasons why they have become more popular.

What Is a Postnuptial Agreement?

Both prenuptial and postnuptial agreements are legal documents that can outline certain things in the event that a marriage ends in divorce. Unlike prenuptial agreements, which are signed prior to the marriage, postnuptial agreements are ones that are formed and signed after a couple is already married.

Is a Postnuptial Agreement Right for You?

Postnuptial agreements are becoming more popular with married couples because they see how it can benefit them in their marriage. Prenuptial and postnuptial agreements are very similar in nature, but the situations in which you might get one can be a little different. You should consider a postnuptial agreement if:

• You or your spouse have children from another marriage;
• You want a simplified divorce process (were that ever to happen);
• You or your spouse are a stay-at-home parent;
• Either of you experiences a change in wealth; or
• Either of you owns a business.

Things Often Included in a Postnuptial Agreement

While there are certain things that cannot be included in a prenuptial or postnuptial agreement, such as clauses about child custody or child support, there are some things that are commonly included in a postnuptial agreement. These things include:

• Debt, how it will be repaid, and how it is currently being repaid;
• How income is allocated and how much of each paycheck is saved or spent;
• What the role of you or your spouse is in either of your businesses;
• How property will be divided in the event of a divorce;
• Which spouse has what assets in their name; and
• How inheritance will be handled.

Have an Aurora Postnuptial Agreement Lawyer Write Your Contract

If you have been thinking about getting a postnuptial agreement, the first step you must take is getting help from a Kendall County postnuptial agreement attorney. The Law Office of Matthew M. Williams, P.C. can help you and your spouse form a mutually-agreeable contract that outlines the things that you and your spouse have concerns with. Call the office at 630-409-8184 to schedule a consultation.

Sources:

https://www.huffingtonpost.com/lynn-j-maier-esq/why-a-postnuptial-agreeme_b_997219.html

https://abcnews.go.com/Business/forget-prenup-postnuptial-agreement/story?id=28946039

https://www.investopedia.com/articles/pf/08/postnuptial-agreement.asp