Jewell Law PLLC
Call today (212) 856-7273

Creating Futures One
Person at a Time

Is it time for you to sign a postnuptial agreement?

The benefits of having a prenuptial agreement on file are clear. Regardless your financial situation, a prenuptial agreement will make divorce -- if it becomes necessary in your case -- far easier, faster, cheaper and less stressful. However, what can already-married couples do now to receive these same benefits if they don't have a prenup on file?

A postnuptial agreement is similar to a prenup in all respects. The only difference is that couples complete the document after marriage has occurred. You might think that prenuptial agreements and postnuptial agreements are a sign that you don't have faith in the strength of your marriage. However, these documents can actually help to smooth out tension and increase the chances that your marriage endures -- especially where financial tensions are concerned.

Financial tension is the reason for most divorces. However, it can help smooth out problems when couples can codify their financial relationship. Deciding formally how you will share money etc. in your marriage, you can prevent may marital problems from arising later on down the road.

Just like a prenuptial agreement, your postnuptial will describe the property and assets that you and your spouse agree to be separate assets. It will also codify how you will handle important decisions regarding asset division, alimony, child custody and child support in the event that a divorce is necessary.

A New York family law attorney can talk to you and your spouse about the creation of a postnuptial agreement. By speaking with a lawyer, you can learn about your legal rights and options and how to create a postnuptial agreement that honors the deep love you and your spouse have for one another.

Source: FindLaw, "What Is a Postnup? Do You Need One?," Jenny Tsay, accessed July 14, 2017

No Comments

Leave a comment
Comment Information

Jewell Law, PLLC | 555 Fifth Avenue, 17th Floor | New York, New York 10017-9254 | Phone (212) 856-7273 | Map & Directions