A Prenuptial or Postnuptial Agreement Is Sensible Marital Planning
Most people are familiar with the concept of a “prenuptial agreement.” A legally binding agreement between two prospective spouses, a prenuptial agreement stipulates in advance how the assets and liabilities of the soon-to-be-married couple will be distributed in the event the marriage ends in divorce. Such agreements are relatively common when there is a sizeable age or wealth gap between prospective spouses, or when children from previous unions will be brought together by the new marriage.
Despite the statistic that between 40 and 50% of U.S. marriages end in divorce, prenuptial agreements remain a rather touchy subject, perhaps because they are perceived as “unromantic” – the possible end of the marriage is the last thing one wants to contemplate prior to uttering the words “til death do us part.” Given the statistics, such a dismissive attitude is problematic. Prenuptial agreements, and their post-union counterpart, postnuptial agreements, are worth giving serious consideration to. With the assistance of an experienced family law attorney, it is possible to craft a pre- or postnuptial agreement without introducing excessive tension into a relationship. Really, it is just sensible planning.
Prenuptial and Postnuptial Agreements Are Legal Contracts
Because prenuptial and postnuptial agreements are contracts much …