Why Get a Postnuptial Agreement?
Getting married can be some of the happiest times in your life. Sharing your home and your life with another person can be fulfilling. However, when one spouse earns more than the other or has assets of any kind, worrying about what could happen if you ever divorce can put a damper on the new life you’re sharing together.
Fortunately, that’s why postnuptial agreements were created. Read on to learn more about postnups so you can determine whether this option is a good fit for your situation.
Protecting Your Assets
A postnuptial agreement, or postnup, is a legal contract between two spouses that outlines the details of who gets what in the event of a divorce.
Generally speaking, it allows the spouses to retain the property, assets, and debts that they brought into the marriage should they choose to part ways. It will also outline who will retain which property, assets, and debts that were purchased during the marriage, and whether alimony will be issued.
For example, one spouse might request a postnup if they make more money than their partner, if they’ve received an inheritance, or if they have significant assets. You might have read stories of couples who lose a devastating amount of their property and assets during a divorce because of a vindictive partner. A postnuptial agreement can help prevent this from happening.
Security Within Your Marriage
The knowledge that you’ll both be OK if you decide to divorce can provide peace of mind during your marriage. A postnuptial agreement can allow a couple to enjoy each other’s company without the burden of financial worry.
Although you don’t expect your marriage to end in divorce, knowing that you’re prepared for it can provide serenity. A postnup can be difficult to present to your partner because of common assumptions and societal stigmas.
However, by making the suggestion with love and mutual respect in mind, your spouse can see how protecting both of you from being taken advantage of can help strengthen the relationship.
Reach Out to an Indiana Postnuptial Agreement Lawyer
If you’ve been considering a postnup but have further questions about how it works, get in touch with a highly trained Indiana postnuptial agreement lawyer at Rowdy G. Williams Law Firm. Our firm will work diligently to compose an agreement that addresses each and every concern you might have.
You can schedule an initial consultation today by filling out the convenient contact form at the bottom of this page or give our office a call at 1-812-232-7400.