Do You Need A Postnup?
Forbes had a very good article this month on the subject of Postnuptial Agreements, which are similar to Prenuptial Agreements except they are entered into after the date of marriage. From the article -
High-profile divorce cases over the past couple of decades have bolstered awareness of the prenup, or prenuptial agreement, which has become increasingly common among betrothed couples who want to ensure a fair distribution of assets in the event they one day divorce. Although lesser known, the postnuptial agreement, or postnup, can also be beneficial for couples in certain circumstances.
Like a prenup, a postnup is a legally binding contract that spells out who gets what portion of specified assets and how liabilities are shared in the event of a divorce. The main difference between a prenup and a postnup is timing: A prenup is entered into prior to marriage; a postnup during the marriage. But there are also some things you can do in a postnup that you can’t do in a prenup."
The full article is here.
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