You may have heard of a prenuptial agreement, which is a document that a couple signs and agrees to before marriage. It outlines how property is to be split in the event of a divorce. But how exactly does a postnuptial agreement work?
A postnuptial agreement works the same way, but it is done when the couple is already married. Maybe they didn’t think of it before marriage or maybe the financial situation has changed. One party may have started a business or maybe one party wants to ensure their spouse has no rights to a future inheritance.
A postnuptial agreement does not necessarily mean a divorce is imminent, but it could be. If that’s the case, then the postnup might include details about how assets will be divided. It can also touch upon issues such as alimony and a spouse’s personal debts.
A postnuptial agreement must have the following five elements:
While not every married couple may need a postnuptial agreement, there are several situations in which you may want to consider one.
A postnuptial agreement may have the wrong connotation for some, but it doesn’t mean that divorce is in your future. Instead, it’s there to protect you financially should your marriage end.
Need help with postnups and other family law matters? If so, it’s important to work with a trusted attorney who can guide you through the process and ensure you get a valid agreement. Contact the Columbia divorce lawyers at The Law Offices of Todd K. Mohink, P.A. for help today. Call (410) 774-5987 or fill out the online form to schedule a consultation. We have two offices to serve you.
7310 Ritchie Highway, Suite 910
Glen Burnie, MD 21061
30 Corporate Center
10440 Little Patuxent Parkway,
Columbia, MD 21044