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What are the signs that you need a postnuptial agreement?

On Behalf of | Feb 23, 2022 | Marital Agreements |

Married couples in New Jersey might want to consider a postnuptial agreement in certain situations. There are some signs that indicate that this legal document might be right for you.

Your financial situation has drastically changed or is expected to

If your financial situation suddenly changes dramatically or is expected to change, you might want to safeguard it with a postnuptial agreement. The document can outline how much you and your spouse would get in the event that you end up in divorce.

You have children from a previous marriage

Having children from a previous marriage or relationship is one of the biggest reasons to get a postnuptial agreement. You will want to protect your children by leaving them an inheritance from your estate. Not having a postnuptial agreement might mean they are barred from their share if you and your spouse divorce or if you die before your spouse.

You want to determine how your assets are distributed if you divorce

In the event that your marriage doesn’t work out and you and your spouse divorce, a postnuptial agreement comes in handy. With it, you can determine how you want your assets and property distributed. The postnuptial agreement can prevent your spouse from getting an equal share of the marital assets and property.

You wish you had gotten a prenuptial agreement

If you had cold feet at the idea of bringing up a prenuptial agreement to your spouse before the marriage, a postnuptial agreement is a good solution. You can still protect your assets and property and make sure you and your beneficiaries get the share you wish.

You have a business you want to protect

Owning a business post-marriage means that your spouse could get a portion of the assets earned if you divorce. A postnuptial agreement can protect your business and keep your spouse from getting their hands on your money if you end up getting divorced.

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