Prenuptial and Postnuptial Agreements
A prenuptial agreement – also known as a premarital and antenuptial agreement – is a documented agreement between couples getting married that determines how their finances will be handled during the marriage and if the marriage ends.
Getting a divorce is probably the most financially harmful event someone can go through. However, there are legal mechanisms that will keep the courts from dividing your assets unduly during and after a divorce. One primary method is to execute a well-drafted, articulate prenuptial agreement. While people do not typically plan for divorce along with planning for their wedding, taking proactive steps is highly recommended. With a fair agreement that includes all relevant information on assets, divorce courts commonly accept the marriage agreement you made alongside your lawyer. A postnuptial agreement acts in the same way, except this is executed by couples after marriage.