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Postnuptial agreements as planning tools

| Dec 21, 2020 | Divorce |

Planning for the future is important at all stages of life, including before and during marriage. For example, prenuptial agreements are useful planning tools for couples who have yet to tie the knot. For couples who are already married, postnuptial agreements provide similar protections but are often sought for different reasons.

While creating a pre or postnup is not an indication that a couple will divorce, postnups can provide invaluable protections for Alabama couples who are seeking reconciliation. There is a lot on the line for a couple who wants to work things out following something like an affair, addiction or gambling problem. A postnuptial agreement can clearly outline what will happen in the event of a divorce, including how to handle property division.

A postnuptial is not just for when times are bad. For example, a couple might choose to create a postnup when one spouse is starting a new business. In this situation, a prenup could be used to make sure that the other spouse does not have any interest in the business should the couple divorce or the owner pass away. This is particularly important if the owner has a business partner.

Postnuptial agreements are excellent tools for married couples who are interested in planning for their futures. A thoughtfully drafted postnup can both lay out expectations as well as address things like property division during divorce. However, to ensure that a carefully crafted postnup is actually enforceable, it may be helpful to speak with an attorney who is knowledgeable in Alabama family law.

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