How to Make a Postnuptial Agreement

If you’re considering a postnuptial agreement, you’re in good company. More and more couples are looking to shore up their financial arrangements post-wedding. A postnuptial agreement is essentially a contract between spouses that outlines how their property and finances will be handled in the event of a divorce or death. It’s similar to a prenuptial agreement, but it’s created after the wedding.

Here’s how to get started:

1. Decide what you want to include

A postnuptial agreement can cover a variety of issues, including property division, debt allocation, spousal support, and inheritance rights. Decide what you want to include in your agreement before you begin the drafting process.

2. Hire an attorney

It’s important to work with a qualified attorney to create your postnuptial agreement. Your attorney can help you navigate state laws and ensure that your agreement is legally binding.

3. Gather financial information

Your postnuptial agreement will need to include a thorough accounting of your assets and liabilities. You and your spouse will need to provide documentation of your financial situation, including bank statements, investment accounts, and real estate holdings.

4. Consult with a financial advisor

It may be helpful to consult with a financial advisor to ensure that your financial arrangements are sound. Your advisor can help you identify potential pitfalls and opportunities for growth.

5. Draft your agreement

Your attorney will draft the agreement based on your wishes and financial situation. Be sure to review it thoroughly before signing.

6. Sign and notarize

Both you and your spouse will need to sign the agreement in the presence of a notary public. This ensures that the agreement is legally binding.

By following these steps, you can create a postnuptial agreement that meets your needs and protects your financial future. Remember, it’s important to work with qualified professionals and ensure that your agreement is comprehensive and legally binding.