We've all heard of prenuptial agreements. As controversial as they are, many spouses swear by them due to the way they provide peace of mind. Some couples even say that their prenuptial agreement has helped their marriage be longer lasting and more stable.
But what about postnuptial agreements? These agreements are similar to prenuptials, except, instead of signing them before marriage, couples sign postnuptials after they've gone down the aisle and said, "I do."
More about postnuptials and why you might want one
Many couples decide to enter into a postnuptial agreement as a way of saving their marriages. For example, imagine one spouse cheats on the other spouse. The faithful spouse might want out of the marriage, or, the faithful spouse might want some kind of guarantee if he or she decides to stay with the cheating spouse.
The postnuptial agreement can serve as this kind of guarantee. The couples might sign an agreement saying that if one of the spouses is unfaithful, the other spouse will receive the house, the kids and an extra $100,000 in the divorce that follows.
Other couples -- who regret not signing a prenuptial agreement -- might see the advantages of entering into a postnuptial agreement. After all, a postnuptial can offer a sense of security to both spouses, as it will offer an action plan that goes into effect in the event of a divorce. This will make the divorce easier, faster, cheaper and less stressful.
Are you ready for a postnuptial agreement?
A postnuptial agreement is a great way to reaffirm your and your spouse's love bond, while providing a feeling of safety and security to your marriage arrangements. It's important to remember, however, that your postnuptial agreement could require revisions and updates from time to time.
Contrary to common understanding, the longer you have a prenuptial or postnuptial agreement, the more important it is to revise, reaffirm and re-sign the document. In fact, marital agreements that are older than 10 years are more prone to rejection by family law courts.