On behalf of Stange Law Firm, PC posted in Family Law on Sunday, August 21, 2016.
Much is made about the advantages enjoyed by couples who opt to sign prenuptial agreements before saying “I do.” Creating a prenuptial agreement is a great way to clarify the rights and responsibilities held by each party during the marriage as well as how things should be handled in the event of a divorce.
But there are many reasons a couple may forgo drafting a prenup. Perhaps their lives are relatively simple and they don’t have much in the way of assets. Or maybe they are shy about even bringing the subject up for fear it will create a conflict.
But whatever the reason for not getting a prenup, it is very likely as time passes, they will begin to accrue property and their lives will become more complicated. This means that the kinds of important issues covered in prenups will still be unaddressed.
Fortunately, it is never too late to get the solutions to potential problems put down in writing. A postnuptial agreement is basically a prenup that is prepared by and for a married couple. Postnuptial agreements can cover issues of property division, debt responsibilities, marital goals and even what should happen if one spouse dies or becomes incapacitated.
If you and your spouse have been married for a number of years, you have the benefit of your experience to guide you when choosing what to include in a postnuptial agreement. It is likely that when you were first married, you couldn’t have conceived of many of the issues that are now at the forefront of your lives.
So if you have come to realize that you will be well served by having a well-written postnuptial agreement, you may want to meet with an experienced family law attorney. The attorney can help you craft an agreement that will protect your present and future interests.