What is a postnuptial agreement?

Postnuptial agreements are legal contracts that married spouses enter into with one another to establish how the couple’s assets, debts, and income would be split in the event the marriage was to end in divorce or due to the death of a spouse.

In many respects, a postnuptial agreement functions much like a divorce settlement agreement.

In the event that a couple who have signed a postnuptial agreement later decide to go their separate ways, the postnuptial agreement can make the divorce process faster, less expensive, and significantly easier because the spouses had previously agreed on how assets, liabilities, and income will be divided.

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