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Postnuptial Agreement

Definition

A legal contract created after marriage that outlines how assets and responsibilities will be divided in the event of a divorce.

What to consider

  • Discuss it openly with your partner to set clear expectations.
  • Consult legal advice to ensure fairness for both parties.
  • Review its terms regularly as your relationship evolves.

Real world scenarios

  • After experiencing financial challenges in their marriage, Emma and Noah agreed on a postnuptial agreement to clearly define asset distribution and protect their individual interests.

Related terms

Living Will
Probate
Living Trust
Will
Chapter 7 Bankruptcy

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