Post marital agreement, also known as postnuptial agreement, is a legal agreement between two individuals who are already married. This agreement outlines the distribution of assets and liabilities in the event of a divorce or legal separation.
Post marital agreements are becoming increasingly popular among couples who want to protect their assets and finances in case of a divorce. There are several reasons why a couple might consider a post marital agreement. For example, one spouse may have inherited a sizable amount of money or property before or during the marriage, and they want to ensure that those assets are protected in case of a divorce.
Another reason why a post marital agreement may be necessary is if one spouse is a business owner or has significant investments. The agreement can help protect these assets and ensure that they remain intact in the event of a divorce.
Post marital agreements can cover a wide range of issues, including property division, spousal support, and child custody arrangements. Some agreements may also include clauses that dictate how the couple will handle joint expenses and debt.
It`s important to note that post marital agreements are not just for wealthy couples or those who believe that their marriage is at risk of ending in divorce. Rather, a post marital agreement can be a proactive step towards protecting both parties` interests and providing peace of mind.
When creating a post marital agreement, it`s essential to work with an experienced and qualified family law attorney. They can help ensure that the agreement is legally binding and enforceable in case of a divorce or legal separation.
In conclusion, a post marital agreement is a legal document that outlines the distribution of assets and liabilities in case of a divorce or legal separation. This agreement can help protect both parties` interests and provide peace of mind throughout the marriage. If you are considering a post marital agreement, it`s important to work with an experienced family law attorney to ensure the agreement is legally valid and enforceable.