Before marriage, many individuals have their future spouses sign prenuptial agreements, which articulate how money and other assets will be split in the event of a divorce. However, individuals who do not sign these agreements may still sign a similar agreement after getting married.
A postnuptial agreement works much like a prenuptial agreement. If you have recently acquired a great deal of property and wish to detail what will happen to it in the event of a divorce, contact the Raleigh divorce lawyers of Marshall & Taylor PLLC, today at 919-833-1040.
Understanding Postnuptial Agreements
A postnuptial agreement is meant to serve as a pre-determined divorce settlement in the event of a divorce. The postnuptial agreement may state that both individuals get to keep the property and earnings that they personally acquired during a marriage rather than split the property in a divorce.
The biggest difference between the two agreements is that spouses sign postnuptial agreements after already getting married. Postnuptial agreements are ideal for individuals who, after getting married:
- Acquire a large inheritance
- Earn a significantly higher salary
- Have substantial investments
A postnuptial agreement can safeguard an individual from losing these assets in the event of a divorce. It is important to note, however, that both spouses must sign the agreement for it to be valid.
Postnuptial agreements may also be of use when spouses do not have wills. If you would like to specify what will happen to your personal and marital assets should your marriage end in divorce, contact the Raleigh divorce attorneys of Marshall & Taylor PLLC, at 919-833-1040.