Postnuptial Agreement

In our society, there seems to be no shortage of honesty. Couples today understand that, statistically, their marriage is not a sure thing, no matter how in love they are. As a result, there are some that believe that postnuptial agreements are a good idea. Similar to the more well-known prenuptial agreement, the postnuptial does make provisions for the reallocation of property, assets, and other financial entities in the event that a couple should someday divorce.

The chief difference between the prenuptial and postnuptial agreement, as the name suggests, is that the prenuptial is signed before a marriage, and the postnuptial after.

Reasons and Requirements

Couples can enter into postnuptial agreements for numerous reasons. Unanticipated changes are the largest contributing factor to this kind of contract. If one spouse were to come into a sizable inheritance, or perhaps have some investment pay off, or get a substantial raise, that individual might choose to protect assets over which he or she has rightful ownership.

When people put together a postnuptial agreement, it must be made in writing. It must also be made voluntarily, so the couple must be on good terms with one another. When the agreement is drafted and signed, each person must fully disclose his or her financial situation. If this is done before a notary public, then the postnuptial is complete.

For More Information

If you think your situation might warrant a postnuptial agreement, you should talk over your options with a compassionate family law attorney. Contact an Austin divorce lawyer at Slater, Kennon & Pugh LLP at 512-472-2431 today to learn more about how you can protect your financial future.