When is a postmarital agreement a good idea?

When is a postmarital agreement a good idea?

| Jul 8, 2021 | Pre-Marital/Post-Marital Agreements

You love your spouse and want to stay together for the long haul, but the reality is that many marriages don’t make it. As you look at all you’ve assembled over time, you realize that the last thing you want is for a divorce to destroy what you’ve built.

Since you and your spouse have come into money and have many assets, you may be looking for ways to protect your interests. One of the options could be a postmarital agreement.

Postnuptial agreements build better marriages

You may not have wanted to suggest a prenuptial agreement before marriage for fear that it may seem like you don’t trust your spouse. Now that you’re married, it may be a smart time to talk about a postnuptial agreement that would protect both of your interests.

With a postnuptial agreement, it’s possible for you to decide how you’d divide your assets if you decided to get a divorce. You can make arrangements that give both you and your spouse a fair share of your assets, so that you both know what to expect if you choose to divorce.

Postnuptial agreements build better marriages by getting all of the financial information out into the open. You’ll know what your shared assets are, so that you can make decisions about them now for a stronger marriage. You can also take this time to go over those finances and determine how you’d divide them fairly upon divorce. Doing this now may be easier, since people tend to be more amicable when they’re in love or, at the very least, respect each other more compared to when they’re dealing with a divorce.

A postnuptial agreement can help you know what to expect if everything goes wrong

A postnuptial agreement gives you the peace of mind of knowing what to expect if everything goes wrong with your marriage. That way, you don’t have to worry about fighting if you divorce. Instead, this simple document will go over how to divide your assets, so you can focus on other, more important issues such as child custody or building yourself a new, single life.