Marriage is a lifelong commitment that is very serious for many couples. Determining whether you need a prenuptial agreement prior to tying the knot is not always a top priority when you are in the early stages of love and admiration. However, there may come a time when you believe a postnuptial agreement is necessary for a myriad of reasons.
Differences between pre- and postnuptial agreements
Knowing the differences between pre- and postnuptial agreements can help you navigate the process of drafting an appropriate contract with your spouse at the right time. A prenuptial agreement is a contract that is signed and officiated before a couple is wed in the eyes of the court. A postnuptial agreement, however, is a contract that is signed and agreed upon by both spouses involved in a marriage after the official wedding ceremony has occurred.
Reasons for a postnuptial agreement
There are many reasons for both pre- and postnuptial agreements depending on your relationship and what is most important to you and your spouse in terms of finances, values and the future you see for yourself. A postnuptial agreement may be drafted after one individual in the relationship is unfaithful or experiences a serious issue, such as gambling or addiction. A postnuptial agreement can help an individual get back on track with their commitments and priorities depending on the issue they are experiencing within the marriage.
Negotiating a postnuptial agreement
The process of negotiating a postnuptial agreement is not always easy or straightforward, which is why working together with professionals is highly recommended. With a legal team by your side, you may be able to maintain confidence and a clear mind as you move forward with the process of filing a postnuptial agreement.