When spouses talk about postnuptial agreements, the discussion is often the result of big changes for their families. Maybe there have been issues in their marriage, and one spouse wants a plan in place in case they eventually divorce. Perhaps the parents of one spouse recently died, and a large inheritance will soon pass through the probate courts.
There are many reasons why couples decide to draft postnuptial agreements, and the benefits these contracts offer differ depending on what terms you include. What are some of the universal benefits couples secure when signing a postnuptial agreement?
They can reduce the chance of divorce
Couples that have gone through a hard time may need to re-evaluate their relationship and what they want from life. The process of negotiating a postnuptial agreement can help spouses increase transparency in their relationship with one another and set realistic goals for the family.
A direct approach to the issues that have strained your marriage could be the turning point that helps you start to rebuild.
They can secure a faster and less contentious divorce
If a couple doesn’t agree about how to split their property, the litigation for their divorce can last for weeks.
Not only will fighting over the terms of the divorce further damage the relationship between spouses, but it will also increase the overall cost of the divorce. When couples negotiate postnuptial agreements, they pave the way for an amicable, uncontested divorce if they can’t resolve their marital issues to preserve the relationship.
Drafting a postnuptial agreement doesn’t mean that you will get divorced, but it does mean that divorce won’t be as difficult if you do.