Postnuptial Agreement
A legal contract signed by spouses after marriage that outlines how assets and debts will be divided if they divorce.
Understanding Postnuptial Agreement
A postnuptial agreement works similarly to a prenup but is executed after the wedding. Couples may sign one after a financial change, infidelity, or simply to clarify expectations. Courts scrutinize postnups more closely than prenups because spouses already owe each other fiduciary duties. Both parties should have independent legal counsel for the agreement to be enforceable.
Real-World Examples
After inheriting a large sum, they signed a postnuptial agreement designating the inheritance as separate property.
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This definition is provided for educational purposes only and does not constitute legal advice. Divorce laws and terminology may vary by state and jurisdiction.
Always consult a licensed attorney in your area for advice specific to your situation.