Postnuptial Agreements Gaining in Popularity
Prenuptial agreements can be very useful for the couples who have them. In the event of a divorce, a carefully worded, thorough prenup can streamline the entire divorce process, can change the allocation of assets in a divorce, and insures that certain possessions or funds are protected. But not every couple’s situation requires a prenuptial agreement starting out. Not every couple necessarily wants one at the time of marriage. And some couples may not have been aware of the option to obtain a prenup at the time of marriage, or even had any idea what a prenup is and what it does. For these couples, and even for couples that do have a prenuptial agreement, postnuptial agreements are gaining in popularity.
Prenuptial and postnuptial agreements are similar in that each spouse must obtain his or her own attorney to represent them. Following Florida law, both partners must fully disclose all financial assets and agree on the terms of the contract. As the name implies, a postnuptial agreement takes place after the couple has been married.
While some couples obtain a postnuptial agreement for the sense of security the contract can provide, others may feel the need to obtain one after learning their spouse has a gambling addiction, an alcohol or drug addiction, or upon learning that their spouse is going to jail. If one spouse’s wealth increases dramatically, or if business matters change drastically, a postnuptial agreement may be a helpful tool. Other couples find themselves on the brink of divorce, yet are able to work things out once they have worked through a postnuptial agreement contract together.
Postnuptial agreements aren’t necessarily for everyone, but they can be a real lifesaver for those who do need them. If you are considering a postnuptial agreement, contact a postnuptial agreement attorney today. The right lawyer can help you protect your marriage, your children, and your assets.
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