What is a Post Nuptial Agreement?
A postnuptial agreement is a written contract created by two people after they are married. The agreement typically lists all of the couple’s property, including assets, liabilities, income and expectations of gifts and inheritances, as well as their post-marital debts. A postnuptial agreement specifies how post-marital property, as well as the appreciation, gains, income, rentals, dividends and proceeds of such property, should be distributed in the event of death, separation or divorce. Laws governing postnuptial agreements vary by state. Must a post nuptial or premarital agreement be in writing? Yes, a postnuptial agreement should be in writing and signed by both parties. Some states require that postnuptial agreements be notarized and/or witnessed. May I amend the agreement after marriage? After marriage, a postnuptial agreement may be amended or revoked only by a written agreement signed by the parties. What are the advantages of having a post nuptial or premarital agreement? Adva
