CALL MY OFFICE
Or Nights & Weekends
Law Firm of
Kevin Stuart Cavanaugh
Accommodating, Personalized Attention
Creative Solutions To Your Specific Legal Problem
Credit Cards Accepted For Payment
You Can Reach Me Even After Business Hours

Postnuptial agreements may hedge against high-asset divorce

Although spouses never tie the knot with the end in mind, sometimes divorce is the best course of action. Luckily, for those in high-asset marriages, there is a way spouses can protect themselves in the event of a high asset divorce. According to recent research, more and more spouses in Kansas these days are seeking postnuptial agreements. Here’s what a postnuptial agreement is and how it can protect against divorce.  

What are postnuptial agreements? 

A postnuptial agreement is basically the same as a prenuptial agreement. However, a postnuptial agreement is signed after a couple has wed, as opposed to a prenup which is signed prior to marriage. Postnuptial agreements are legal contracts signed by two spouses that state how the couple’s assets and/or property will be divided. Although postnuptial agreements can contain clauses that dictate marital conduct, they’re mostly about finances or property. 

Benefits of a postnuptial agreement 

For many spouses, negotiating and talking about dividing assets or property is just easier after marriage, as opposed to signing a prenup before marriage. However, postnuptial agreements are probably most beneficial when one or both spouses have significant premarital assets and/or children from a prior marriage. Also, since a postnuptial agreement can protect income an individual receives post-marriage, postnups can be useful if one spouse receives a large amount of money, like an inheritance.  

In the event of a high-asset divorce, spouses who sign postnuptial agreements can avoid lengthy and expensive divorce battles. Those in Kansas who want to know more about postnuptial agreements or have questions about high-asset divorce could benefit by contacting a legal representative. An experienced family law attorney can provide much-needed guidance while helping individuals protect their assets and personal rights.