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Could a postnuptial agreement make your divorce simpler?

On Behalf of | Sep 3, 2020 | divorce | 0 comments

If your marriage is currently on shaky ground, you may assume is that divorce is inevitable. It’s common for those going through marital difficulties to worry about the implications of divorce, as it can result in substantial personal expense and reduced overall assets.

The good news is that even if you do wind up divorcing, there are steps that you and your spouse could take right now to limit the negative effects of divorce, including how much it will cost your family. A postnuptial agreement is a powerful tool to aid couples struggling in their marriage and to help those who decide that divorce is the right path to take.

Postnuptial agreement can lead to a faster and easier divorce

Like the more common and well-known marital agreement, the prenuptial agreement, postnuptial agreements serve to outline how a couple plans to split their assets in the event of a divorce. They are a valuable tool for those who want to start their own business or those who have recently received a large inheritance that they want to protect in the event of a divorce.

Spouses can set aside certain assets as separate property and create rules and instructions for their remaining property that will guide a future divorce. Provided that both of you continue to be satisfied with the terms that you set, a postnuptial agreement can lead to a relatively fast and affordable uncontested divorce.

A postnuptial agreement might help get your marriage back on track

Needing to really sit down and contemplate the potential end of a marriage can be a wake-up call for someone who has pulled back from a relationship or hasn’t prioritized their spouse recently. Additionally, taking the mystery out of the outcome of the divorce might remove the incentive for some people to file.

You and your spouse can potentially negotiate to be on more even footing as your marriage moves forward. Some people find that a postnuptial agreement is enough to help them keep their marriage from falling apart, while others can use it as a turning point in their relationship where they rebuild. That can be valuable for couples who share children and will have to share custody after a divorce.

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