If you are married or planning to get married, you may have heard of a prenuptial agreement. A prenuptial agreement is a legal contract that couples sign before they get married to dictate how their assets will be divided in the event of a divorce. However, what happens if you’re already married? Can you still protect yourself and your assets? The answer is yes, with a postnuptial agreement.
What is a postnuptial agreement?
A postnuptial agreement is a legal contract that couples sign after they get married to dictate how assets would be divided in the event of a divorce or separation. This agreement outlines how assets would be divided, spousal maintenance payments, and custody arrangements of any children in the event of a separation. A postnuptial agreement can also deal with things such as property rights, inheritance, and division of debt. A postnuptial agreement is not just for wealthy couples – it can be beneficial for any couple with assets they want to protect.
Do I need a postnuptial agreement?
There are many reasons why a couple may choose to get a postnuptial agreement. Some couples may want to protect their individual assets, such as business interests or investments. Others may want to protect themselves in case of debt or bankruptcy. Couples may also want to outline how child custody would work in the event of a separation or divorce. A postnuptial agreement can help alleviate any concerns a couple may have about how their assets would be divided in the event of a separation or divorce.
How do I get a postnuptial agreement?
To get a postnuptial agreement, you will need to hire a qualified family law solicitor. Your solicitor will guide you through the process of creating a legally binding postnuptial agreement that meets your needs. They will work with you to understand your assets and any concerns you may have in the event of a separation or divorce, and will draft an agreement that addresses those concerns.
In conclusion, a postnuptial agreement can be an important tool for protecting couples’ assets, especially in the event of a separation or divorce. If you are considering a postnuptial agreement, it is important to speak to a qualified family law solicitor who can guide you through the process and ensure that your agreement meets your needs.