It is very common today to hear about couples, particularly those who are very wealthy or celebrities, refusing to marry without a prenuptial agreement. For many, it is rather understandable, as most prenuptial agreements help delineate which assets may or may not become part of the marital property along with other possible considerations. One of the potential drawbacks to relying solely on a prenuptial agreement, however, is that, by definition, the agreement must be finalized prior to the marriage. Unforeseen issues and opportunities that may develop over the course of the relationship may be better dealt with by means of a postnuptial agreement instead.
A postnuptial agreement is a cooperative effort between spouses to formally outline the responsibilities and obligations of each party. It is established after the marriage, and in some cases, many years after the beginning of the marriage. Like most prenuptial agreements, a postnuptial agreement can help a couple prepare in the event of divorce, but more than that, such an agreement can contribute to a more fulfilling marital situation.
Take an Objective Look at the Marriage