A prenuptial agreement is an important tool for protecting couples in the event of a divorce, but if you and your spouse decided to forgo this contract before getting married, you may think it is too late now.
A postnuptial agreement is very similar to a prenup. However, this type of contract comes after you tie the knot. There are a few reasons to consider using such an agreement.
If you see a big change in your financial circumstances, or if you want to safeguard against such a change, a postnuptial agreement can help protect you. For example, if one spouse has shown themselves to be financially irresponsible, a postnuptial can protect your most important assets and give you peace of mind.
If you want to start a business, a postnuptial can help to ensure that the business stays in your hands after a divorce. It can also insulate your spouse against the risks of a business failure.
If one partner has been unfaithful, it can be difficult to rebuild trust in the relationship. A postnuptial contract can help you both feel more confident in your marriage as you work together to restore that trust.
When one spouse chooses to give up education or career to raise the children, he or she takes a significant risk. If the marriage does not last, the stay-at-home parent may have trouble reentering the workforce. A postnup can help to provide for the stay-at-home parent.
Just as with prenups, a postnuptial agreement can be a difficult topic to bring up with your partner. Make sure to emphasize the benefits and listen to your spouse’s concerns.