Postnuptial Agreement is an agreement between married spouses relating to the division of assets in the event of divorce. A Postnuptial Agreement is similar to a Prenuptial Agreement except that the parties sign the agreement after marriage.
A couple may want to do a Postnuptial Agreement if:
• There has been a change in financial status
If a spouse decides to stay-at-home with the children a postnuptial agreement can create peace of mind that the spouse will still be taken care of if there was a split.
• Wealth and Business Success
Postnuptial Agreements can be beneficial if one of the spouses inherits a large sum of money or if one of the other parties has started a business and wants to protect the partners of the business shares in the company from a split.