Most people know what a pre-nuptial agreement is, and what purpose they serve. You sign an agreement before you are married, and it outlines what will happen to your pre-marital property should you ever be divorced. However, not everyone knows what a post-nuptial agreement is.
A post-nuptial agreement is exactly what it sounds like! An agreement made post-marriage, about what will happen to your assets in the event you ever get divorced. So, if you intended to discuss a pre-nuptial agreement but never got around to it, all is not lost! You can easily create a post-nuptial agreement to serve almost the same purpose.
A post-nuptial agreement, while not as common as a pre-nuptial agreement, will serve as protection for both you and your spouse. These agreements do not typically only protect one party’s assets. There may be a stigma that a post-nuptial agreement means you expect a divorce, or that you don’t truly trust your spouse. This is simply not true! A post-nuptial agreement shows the exact opposite, in that you love your spouse simply for who they are, and not what they have.
Wolf & Shore Law Group would be happy to assist you in drafting your pre or post-nuptial agreement, should you and your spouse feel one is right for you. Having drafted many of these agreements, we can help you decide what assets will remain your sole property, and we can even discuss the details of alimony and potential child support.