Many couples seek the security of prenuptial or postnuptial agreements to ensure their financial security in case of divorce. Rather than being an admission that the marriage won’t last, such agreements can best be viewed as insurance in the event of unforeseen circumstances, which can help remove the contentious and emotional issues that often arise during a divorce.
While prenuptial agreements are well-known, postnuptial agreements – signed after a marriage – also are an option. If the financial situation of a spouse dramatically changes during a marriage, it is advisable to draft a postnuptial agreement to ensure the financial well-being of both spouses and to minimize the stress of legal proceedings in the event of divorce.
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