Many people have likely heard of prenuptial agreements, which usually help safeguard one spouse's fortune from the other if the couple were to divorce. Many married couples may not have heard of postnuptial agreements though.

Postnuptial agreements are legally binding contracts that predetermine a divorce settlement in the event that a married couple gets divorced. This is the exact purpose of a prenuptial agreement. The only difference is, spouses sign postnuptial agreements after already being married.

These agreements may be helpful for individuals who have come into a considerable amount of money after taking their vows. These individuals may come into this money through a large inheritance, a new job that pays a considerable amount, or an investment that really took off.

The point is, the individual did not have the wealth before being married, but now that he or she is married, the wealth becomes subject to division in a divorce. This is where these agreements are the most helpful.

When individuals sign one of these agreements after getting married, it will detail exactly how the the finances and assets will be divided in the event of a divorce. It is important to note that for the agreement to be valid, both spouses must sign the contract.

Aside from saving one spouse's assets in a divorce, a postnuptial agreement can also be helpful for individuals who do not have wills. In the event of an unexpected death, the agreement can be used to determine who gets the individual's property.

Author SIG

If you have earned a considerable amount of wealth during your marriage and wish to safeguard it from a divorce settlement, discuss whether a postnuptial agreement might be right for you with the Raleigh divorce attorneys of Marshall & Taylor, P.C., today.

James Witherspoon

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