Finances are a major factor in your marriage, whether you like it or not. In fact, a recent survey shows that money is the top cause of strain in relationships. One way to deal with financial issues is by creating a prenuptial agreement before your marriage. But if you did not create one, it is not too late to protect your interest and rights regarding assets.
You can write up a postnuptial agreement with your spouse any time after you get married. Here are some reasons why you should consider making one.
You neglected to create a prenup
Maybe you floated the idea of a prenup before. Perhaps you even brought it up with your spouse before your wedding. Or, maybe you were too afraid to approach the topic. If you regret not making a premarital agreement, you can accomplish the same goals with a postmarital agreement.
There is a large inheritance
If either of you gets a sizeable gift or bequest from a loved one, money may start to become a more pressing issue. There may be concern over sharing such a large sum of wealth or property. A postnup can determine the size of the other spouse's share of the inheritence.
There is a successful business
A company may start small, but it can reach new levels of success over time. If you or your spouse are receiving a significant amount of business earnings, you may want to create a postnup to protect assets or income from the business. Without one, it may be up for division if you get a divorce.
You arguing about money
It is common for spouses to fight about finances, but postnup can calm these emotions. You can lay out how both of you will manage finances in clear terms. This will establish rules for moving forward and clarify financial goals.