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A postnuptial agreement is a legally binding contract entered into by spouses after marriage that outlines how assets, debts, and property will be divided in the event of divorce, separation, or death. Similar to a prenuptial agreement (which is signed before marriage), a postnup can address issues like spousal support, business interests, inheritance rights, and debt responsibility.
To be enforceable, a postnuptial agreement generally must:
Be in writing,
Be signed voluntarily by both parties,
Include full and fair disclosure of assets,
Be fair and reasonable at the time of signing, and
Comply with applicable state laws.
Postnups are often used when financial circumstances change significantly during a marriage (e.g., receiving an inheritance, starting a business, or reconciling after marital issues)
A postnuptial agreement is a legally binding contract entered into by spouses after marriage that outlines how assets, debts, and property will be divided in the event of divorce, separation, or death. Similar to a prenuptial agreement (which is signed before marriage), a postnup can address issues like spousal support, business interests, inheritance rights, and debt responsibility.
To be enforceable, a postnuptial agreement generally must:
Be in writing,
Be signed voluntarily by both parties,
Include full and fair disclosure of assets,
Be fair and reasonable at the time of signing, and
Comply with applicable state laws.
Postnups are often used when financial circumstances change significantly during a marriage (e.g., receiving an inheritance, starting a business, or reconciling after marital issues)