A postnuptial agreement is a contract between the parties, executed during the marriage, that addresses what will happen financially during the course of the marriage, in the event of divorce, the death of a party, or in other agreed upon circumstances.
Postnuptial agreements can be complex and often address the division of assets, debts, and the payment of attorneys’ fees. Like their premarital counterparts, postnuptial agreements allow parties to decide ahead of time how their assets (whether acquired before or during the marriage) will be distributed and will protect the parties’ much needed resources as they transition into separate homes.
Like their premarital counterparts, postnuptial agreements require full financial disclosure, including both spouses’ assets and liabilities. To learn more about the similarities and differences between postnuptial and prenuptial agreements, take a moment to consult our guide.