During the months leading up to your big day, you may not have thought about things such as finance, your future children, or life’s uncertainties. In the months following your wedding, you may speak with your spouse about these important topics and realize that you two may regret not creating a prenuptial agreement. There is still time for you to consider your future together and create a plan.
You may want to consider getting a post-nuptial agreement for these reasons:
1. Wealth Management
You may be financially more secure than your partner. A marital agreement is often used to protect the future of businesses or other financial assets. This may include a family business, gifts, inheritance, and debt. A marital agreement can also be used to safeguard the partner who is financially weaker.
2. Planning for the Future
If you have strong religious or cultural beliefs that are important to continue upholding with your future children, then you can outline those important family expectations in a marital agreement. It’s an opportunity to clearly set expectations, and it can help a couple make future decisions even if the marriage ends.
3. Life is Uncertain
Your life is rarely predictable. People change and expectations may change too. A marital agreement set while you are both in a positive state of mind can help to avoid conflict if divorce becomes necessary. Your post-nuptial agreement can detail how assets are divided and things are handled. This can be especially important in relation to spousal debt, wealth, or inheritance.
Although a post-nuptial agreement cannot predict your future or prevent life’s uncertainties, it can prepare you for those risks and rewards. Lay the foundation for successful marriage by providing security for both you and your new spouse.
The purpose of this article is to offer reasons for you to consider having a post-nuptial agreement. These do not cover every issue that needs to be addressed in such an agreement. Please contact a family law attorney for all questions regarding a marital agreements.