Many engaged couples decide to protect their interests by signing a prenuptial agreement. However, there are also...Read more
Prenuptial agreements are widely used today, but couples who don’t have one can still receive the same benefits through a postnuptial agreement. These agreements can address issues such as finances, debts, and assets and how they would be handled if you were to dissolve your marriage.
Before the 1970s, postnuptial agreements weren’t typically enforceable under the law. Up until then, legally married couples were seen as a single unit. Since one person or entity can’t make a legal agreement with itself, there was no legal standing for postnuptial agreements. During the 1970s, divorce became more commonplace, and many states enacted “no-fault” divorce laws, paving the way for postnuptial agreements to be created and enforced. Today many couples decide that they need a postnuptial agreement and turn to experienced Aurora postnuptial agreements lawyers for help. Here are the reasons why you might want to consider such an agreement in your marriage.
Several financial factors could have changed since your marriage began. A postnuptial agreement can address how your assets and finances should be dealt with if you ever get divorced. Maybe one spouse has taken on sizable debt, such as a student loan since the marriage. One spouse might have started a thriving business or made successful investments that they would want to protect if the marriage were to end. Perhaps, there is an inheritance involved. If your financial picture has significantly changed since your marriage, it might be beneficial to speak to Aurora postnuptial agreements attorneys about drafting a postnuptial agreement.
Some couples forgo a prenuptial agreement in part because they don’t plan on having kids, then their plans change, or something unexpected happens. When you become a parent, your priorities change. With a postnuptial agreement, you can solidify how the finances will be handled for the benefit of your children if you get divorced.
Oddly enough, creating a postnuptial agreement with your spouse can actually help you save your marriage. Sometimes when spouses are very aware of what they could lose in a divorce, they are more motivated to make the relationship work. Many couples use these agreements to keep themselves devoted to the fidelity of their marriage.
Postnuptial agreements are also widely used in marriages where the relationship has broken down, and the couple is trying to reconcile. A postnuptial agreement is a tool that can ensure that if the relationship does end in divorce, it will take less time and money since the agreement will dictate most terms of the divorce.
If you and your spouse didn’t have a prenuptial agreement, it’s not too late to address your concerns and make decisions about how important issues would be handled if you were to seek a divorce. To learn more about the benefits of a postnuptial agreement, contact the CNL Law Firm, PLLC. We can help you draft a detailed and comprehensive postnuptial agreement that will stand up in court.
To receive your no-obligation postnuptial consultation with knowledgeable Aurora postnuptial agreements attorneys today, call (720) 370-2171 or use our online form.