Most people have heard of a premarital agreement, but did you know there’s also such a thing as a postmarital agreement? It’s true, but don’t be scared. Postnuptial agreements are designed to help spouses plan for their future.
If you’re considering a postnuptial agreement, then you probably already have a basic understanding of what it is. It’s really the same thing as a premarital agreement, but you create it after you’re already married.
A postnuptial agreement is a legal marriage contract between spouses. Many people decide to get one to settle marital disputes regarding inheritances, finances, assets, debts, and other relationship issues. Why would someone want to get a marital contract after they are already married?
Consider this: You and your spouse both work full time, but you want to start a family. You want to stay home with the kids to make sure they are raised well, but you also want to make sure your financial future is secure.
You might consider a postnuptial agreement to guarantee that your finances are secure should the marriage fail someday.
It always seems strange to people to prepare for a marriage to fail, but it’s all about perspective. When you insure your home against fire and flood, you aren’t hoping that you will have a fire or flood someday; you’re simply making sure you are financially protected should one of those events take place.
Here’s another example: After you and your spouse got married, one of you receives a large inheritance. You’ve decided to get a postnuptial agreement to help outline how the money is to be spent, or saved, and to prevent future financial arguments.
Here are a few reasons that people sometimes opt for a postnuptial agreement:
As you can see, there are many reasons you might consider getting a postnuptial agreement. Deciding what’s best can be easier when you learn about all your options by speaking with a California family lawyer. Your lawyer can advise you on the pros and cons of going forward with a postnup agreement.