A postnuptial agreement is a contract drafted during marriage to sort out complicated assets, income, finances, and future plans concerning children. Although postnups are less common, they’re vital in allowing couples to communicate effectively on important marital and financial decisions.
Here are three reasons why you need a post-nuptial agreement.
- To avoid joint liability for debt incurred by one partner
- To address financial concerns, e.g., when a spouse has a hidden gambling addiction
- To create protection in the event your spouse dies or becomes ill
It’s wise to consult with a family attorney first for more information about post-nuptial agreements. Contact Granholm & Gynac LLC today to schedule your free consultation.