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What is a postnup and why do people have them?

If you are living in Denver, you may be familiar with the idea of a prenuptial agreement where two people put issues regarding their finances in writing before they get married. Prenups can be a useful tool, whether you want to protect your money going in to the marriage or want to sort out how things will be divided in the case of a divorce. However, you can still do those things after your wedding by entering into a postnuptial agreement. While lesser known, a postnup can do all the same things that a prenup can and more.

According to Harper’s Bazaar, some people choose to sign an agreement after they get married simply because they ran out of time or did not get around to doing so before the wedding. They can also be useful if you or your spouse started a business after you got married and you want a document governing how those finances will be handled.

Still others seek out a postnup because they received an inheritance or other windfall and want to keep that money separate from the couple’s martial property. Many postnups also result from strains within a marriage, such as from an infidelity.

Regardless of your reasons for wanting a postnup, you can rest assured that there is much less stigma associated with marital contracts these days. As with any written contract, the language in a postnup should be carefully considered or some or parts of it may not be enforceable in court. This is general information on this topic and is not intended to be considered legal advice.

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