Last week we covered what a Prenuptial Agreement is. Click the link right here to read that blog post. Today we will go over what a Postnuptial Agreement is.
Brief primer on last week’s blog: a Prenuptial Agreement is an agreement entered into between 2 future spouses prior to marriage and that the agreement will determine division of certain things such as Assets, Liabilities, etc… if Divorce occurs. However, if you are already married and do not have a prenup (prenup is the legalese language for Prenuptial Agreement), you can still get what is called a Postnuptial Agreement.
A Postnuptial Agreement is very similar to the Prenuptial Agreement: it determines division of certain things such as Assets, Liabilities, etc… if Divorce occurs. The main difference is that you are executing a Postnuptial Agreement after you get married (Post Marriage). It is a very important document. Similar to the Prenup, it can save a lot of time, stress, and emotions because one usually does not want to deal with division of anything during a divorce.
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Sean Oster, Esq.
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