It’s Never Too Late to Sign a Postnuptial Agreement

No matter how far into your marriage you may be, you may find yourself considering the benefits of a postnuptial agreement. These contracts are legal documents that serve to define the assets, debts and financial obligations each partner owns or is responsible for. While these contracts may be used by some to safeguard their finances in the event of a divorce, they can also help to improve a marriage so that a divorce may never be necessary.

Defining Responsibilities

Marriage is both a romantic and an economic union. In a world that exclusively idealizes the romantic aspects of relationships, it can be helpful to mutually define the monetary aspects of a marriage. A postnuptial agreement is designed to clarify the financial expectations of each partner and is able to help couples understand how their individual spending affects the marriage as a whole. By defining financial accountability clearly for each partner, you may help improve the quality of life for both you and your spouse by fully understanding your financial responsibilities to each other and to yourselves.

Providing Answers

Important questions can be answered by entering into a postnuptial contract. For instance, If one partner has some debt, are both partners responsible for paying it? How much of your income should you be spending individually and how much is considered family income? If you or your partner owns a business, who is entitled to its profits and responsible for its expenses? Additionally, if you have a child from a previous relationship, how much money will they inherit? Using the assistance of a professional mediator can help you find answers to these, and many other, important questions.

Finding a Mediator

If you are interested in considering a postnuptial agreement, you will need to find an experienced mediator to help you accomplish your task. The mediator’s job is to help both parties reach a mutually arranged contract while guiding them through the legal process itself. Mediators impart thorough legal information to married couples and seek to establish an environment based on mutual respect. Contact an experienced mediator committed to giving you the information you need quickly and affordably. The best mediators will be committed to providing you with individualized care to meet your specific needs.

Signing the Dotted Line

Overall, a postnuptial contract can be an excellent idea, regardless of how long you have been married. It provides a way to set healthy financial boundaries and defines stipulations regarding businesses and children. If you are ready to begin arranging a postnuptial agreement, locate a professional mediator to help you and your spouse secure your economic future.