While a prenuptial agreement is intended to determine whether you or your partner have rights to certain assets in the event the marriage ends, the postnuptial agreement does the same but with one key difference. A postnuptial agreement is created after your marriage has already taken place, and this type of document is growing in popularity in America, particularly among stay-at-home moms. Here are key reasons why.
With all the steps that go into planning for an upcoming wedding and marriage, it can be easy to get caught up in the excitement of it all and leave some of the more mundane tasks until later. While you may be tempted to put off drafting a prenuptial agreement, it is wise, in the "big picture" sense, to resist doing so.
In the song "Home Life" John Mayer insists that "I can tell you this much, I will marry just once and if it doesn't work out, give her half of my stuff. It's fine with me - we said eternity." If you are getting married to your one-and-only, you may feel much the same way - that if things somehow fail to work out, you will not engage in any squabbling over property division. However, it is vitally important to understand that even if you plan to have a long, happy, truly successful marriage and will not engage in in-fighting in the event of a divorce, you, your future spouse and your marriage can truly benefit from the process of drafting a prenuptial agreement.
Prenuptial agreements are frowned upon by some as a too-practical intrusion into what should be a romantic lead up to marriage. Some, however, see prenups differently: as a means of clearing the air so that both parties can enter into marriage without nagging financial concerns.
Looking for a good reason to adopt a prenup? We can give you a few. Among them, one is laying a firm foundation on which to build a marriage. Couples who have clear expectations, realistic financial views and the communications skills needed to discuss this topic that is less than romantic are well on their way to an honest and workable union. In addition, if you are too shy or too reluctant to discuss money with your significant other at the start of your marriage, odds are good you will be forced to discuss it with their lawyer in the future.