While most married couples do not want to think about the possibility of divorce, it can be a good idea to consider what could potentially happen if a marriage should end in the future. Making decisions about divorce-related matters ahead of time can help couples avoid conflict, and it may even help a couple avoid divorce altogether, since they will understand how they will be affected if they do choose to end their marriage. A couple can use a postnuptial agreement to make these types of decisions.
A postnuptial agreement, which is also known as a postmarital contract, is a legally binding document created by a husband and wife after they are married. A postnuptial agreement is similar to a prenuptial agreement in that it sets forth each spouse's rights and obligations with respect to property, debts, spousal support, and related issues in the event of divorce or death.
Benefits of Postnuptial Agreements
Postnuptial agreements can provide numerous benefits for married couples, both during the marriage and in the event of a divorce. Some of these benefits include:
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