How a Postnuptial Agreement May Strengthen Your Marriage

 Posted on October 12, 2018 in Postnuptial Agreements

Creating a postnuptial agreement seems like a sign of weakness in a marriage. Why would you need an agreement that prepares you for a potential divorce if your marriage is strong? A postnuptial agreement is a practical document that you should create when you and your spouse are cooperating. Having a postnuptial agreement means you recognize that you could divorce and that you may disagree on what to do with your assets at that time. Instead of a weakness, negotiating a postnuptial agreement can be healthy for your relationship:

1. You Are Discussing Your Finances: Financial struggles and disagreements cause marital conflict that can lead to divorce. You may have financial concerns but are avoiding a conversation with your spouse because it is stressful. Ignoring the topic will not make the problem go away. Negotiating a postnuptial agreement forces you to talk to your spouse about your finances.
2. You Discover What You Disagree About: You may have a different philosophy about spending and saving than your spouse. Your negotiations are your chance to say that you are concerned about your spouse’s spending choices and how they may hurt your marital assets. Your spouse may have his or her own concerns about your spending habits. You can plan so that you both would have enough assets to support yourselves in case of a divorce.
3. The Negotiations Encourage Honesty: Even when together for several years, you may not know all of the assets your spouse owns or how much money he or she earns. It is appropriate for you to ask your spouse for details about his or her finances during the negotiations. Your postnuptial agreement would be invalid if your spouse hid significant assets from you. Believing that your spouse is not hiding anything from you will improve your trust in your marriage.
4. You Are Working Together Towards Solutions: Creating a good postnuptial agreement requires finding compromises for complicated financial issues. You want an agreement that is fair to yourself and your spouse. By the end of the process, you will have gained experience in cooperating with your spouse to solve difficult situations.

Worthwhile Process

You may never need to use your postnuptial agreement but will be happy that you created one if you ever divorce. The agreement saves you time by settling some of your divorce’s most contentious issues in advance. A DuPage County family law attorney at Calabrese Associates, P.C., can help you make a postnuptial agreement or review an existing agreement. Schedule a consultation by calling 630-393-3111.

Source:

https://www.forbes.com/sites/heatherlocus/2018/09/23/why-prenuptial-and-postnuptial-agreements-lead-to-stronger-marriages-and-prevent-disastrous-divorces/#7cabe0106488