As you move toward your wedding day, you may discuss the pros and cons of a prenuptial agreement with your partner. If you decide against creating this document, you could regret it at some point in the future.
Fortunately, you have another option to consider: a postnuptial agreement. A postnuptial agreement is similar to a prenuptial agreement, with the primary difference being that you create this after you tie the knot.
Is it the right idea?
If you’re uneasy with the idea of discussing a prenuptial agreement, you may want to turn your attention to a postnuptial agreement. This gives you the opportunity to sit down after your marriage to discuss the pros, cons and how to move forward should you decide it’s the best idea.
Here are some of the top reasons to consider a postnuptial agreement:
- You’re thinking about divorce: If divorce is on the horizon and you hope to minimize stress, the creation of a postnuptial agreement can help you do just that. This gives you the opportunity to work things out on your own, before getting into the legal details.
- To protect children from a previous marriage: If you have children from another marriage, you can use a postnuptial agreement to protect their inheritance rights.
- Irresponsible financial decisions: For example, if your spouse takes out a large amount of debt without your knowledge, you can create a postnuptial agreement to ensure that you’re not on the hook for paying it off if you divorce.
If you’re interested in creating a postnuptial agreement, learn more about the process of doing so and the best way to protect your rights along the way.