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Should you consider a post-nuptial agreement?

On Behalf of | Oct 3, 2017 | Property Division |

The sobering truth about marriage in Texas is that many of them end in divorce. If you are married and you did not have a prenuptial agreement, you may want to consider a postnuptial agreement. Even if your marriage is currently wonderful, this type of legal document can help to prevent issues in the future.

According to ABC News, a postnuptial agreement is similar to a prenuptial agreement. The main difference is the postnuptial agreement is created and signed after you are already married. In the agreement, you can stipulate anything from finances to duties in the marriage. Many couples use them to set up agreements about how property would be divided in the event of a divorce.

If you are your spouse do get a divorce in the future, the agreement can help to make it go more smoothly and quickly. You can often avoid many of the hassles and disagreements that come up during the divorce process because everything is already spelled out in your postnuptial agreement.

There are many reasons you may decide to draw up a postnuptial agreement. You might consider this type of legal agreement if you will be coming into an inheritance that you would like to protect. You could use one if you are on a second or subsequent marriage and would like to provide for children from a previous marriage. You may also choose to enter into one if you are a stay-at-home parent and you worry about your financial security if the event of a divorce. If you have recently started a business, an agreement can be helpful to ensure the business is protected. This information is only intended to educate and should not be interpreted as legal advice.