Postnuptial Agreement

Most people have heard about prenuptial agreements, but far fewer are familiar with postnuptial agreements. Even if you have been married for many years, it's never too late to enter into an agreement that protects your union.

The process of creating a postnuptial agreement, a marriage contract created anytime after the wedding, can be a positive influence on both the emotional and legal dynamics of your relationship.

Subjects included in a postnuptial agreement often include:

• All assets, liabilities, income and expectations of gifts and inheritances
• Payment of post-marital debts
• Status of post-marital property in reference to appreciation, gains, income, dividends and proceeds in the event of divorce
• Ownership of marital residence and secondary homes
• Clarification of what will happen to each type of property, jointly or individually owned, such as artwork or jewelry
• Determination of alimony or spousal support