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Postnuptial Agreements

Many people have heard of a prenuptial agreement. A prenuptial agreement is an agreement that is entered into prior to marriage that determines how assets and liabilities will be handled during and after the marriage (among other things). Less people have heard of a postnuptial agreement. Postnuptial agreements are similar to prenuptial agreements, except that they are made after the marriage has been entered.

Recently the USA Today had an article regarding a rise in postnuptial agreements (see the article here). The article posits that the reason for a recent increase in postnuptial agreements is related to the Supreme Court’s decision regarding the Defense Of Marriage Act (DOMA). The article also provides that, for many, a postnuptial agreement is not entered into to end a marriage, but actually to give it a last, best chance. For many couples, postnuptial agreements can end arguments about money and relieve a cause of marital discord.

If you and your spouse are considering a postnuptial agreement please contact us to discuss your options.