What are some reasons People Get Postnuptial Agreements
What are some reasons people get postnuptial agreements while they are still married? There are a number of reasons that someone may consider a postnuptial agreement while they are still married. A postnuptial agreement is a contract between two spouses after entering into a marriage that outlines the ownership of financial assets if the couple were to get a Limestone County divorce. In contrast, a prenuptial agreement is a contract that a couple enters into before they get married.
A postnuptial agreement is a way that the two spouses can protect their financial assets in the event of a divorce or death of one of the spouses. A postnuptial agreement can also outline the responsibilities of each spouse regarding the custody of the children in the event of a divorce. Making the decision to have a postnuptial agreement does not mean that there are issues in the relationship, oftentimes the agreement is best for both parties involved.
One common example of when a couple consider a postnuptial agreement is when one of the spouses receives a large inheritance. This can change many aspects of the relationship in terms of the couples finances. This often happens when the inheritance is unexpected and when it is a large amount of money or assets. This is often a good time to consider a postnup to keep the newly inherited assets protected in the case that the couple splits up.
If one of the spouses has a child from a previous relationship, a postnuptial agreement may be a good idea. A postnuptial agreement is a great way to pre-determine the share of assets your spouse will receive in the event of a quick divorce or death. Therefore this will ensure that your children have the right to the assets that you want them to have as set up in your postnuptial contract.
Financial issues are also one of the more common reasons for a couple to get a postnuptial agreement. The agreement in an easy divorce in Birmingham can be a way for the couple to come together and form some type of agreement that will outline their financial responsibilities. Financial disagreements are one of the most common reasons for a couples divorce, a postnuptial agreement can be a way to avoid that all together.
Marriages are constantly changing, and circumstances change along the years. This is another common reason that spouses decide to get a postnuptial agreement. Marriages can be very complex and complicated, whether it be children or changes in the couples financial situation, changes occur and sometimes a postnuptial agreement is the best way to protect each other’s individual rights.
This does not always mean that something negative has happened in the relationship, it could just be that some things have changed and each spouse would be better protected by entering into a postnuptial agreement.
Attorney Steven A. Harris regularly blogs in the areas of family law, bankruptcy, probate, and real estate closings on this website. Mr. Harris tries to provide informative information to the public in easily digestible formats. Hopefully you enjoyed this article and feel free to supply feedback. We appreciate our readers & love to hear from you!
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