Postnups Becoming More Popular
Postnuptial agreements are now valid and recognized in most states
No one walks down the aisle with divorce on the brain, but as we’ve seen, the divorce rate continues to rise and with that knowledge, more couples are entering into what is called a postnuptial agreement in order to avoid their marital assets being dictated by a third party, or lawyer, in case the unfortunate occurs. A postnuptial agreement acts similar to a prenuptial agreement, with the exception that it’s voluntarily signed by both parties after marriage.
Divorce lawyers often recommend looking into postnuptial agreements when the financial status of a couple has changed. Like a prenup, a postnuptial agreement must be reviewed by a lawyer before it is signed. All information should be divulged, including debts and assets during postnuptial agreement negotiations, or it may be considered invalid later during a divorce if information is revealed afterwards or if the agreement is not considered fair to both parties. Keep in mind; postnups are generally dissected more than prenuptial agreements in divorce court.
While postnups may not be for everyone, it is another option for married couples to look into. It could be the very thing that saves you union.