Many people who get married in Alabama skip drafting a prenup because it’s an uncomfortable topic. A postnuptial agreement is the next best thing after your marriage. There are several reasons why you might want one.
At least one of you is wealthy
If one or both spouses are wealthy, a postnuptial agreement is ideal to protect your respective finances. In the event of a divorce, you can each keep what’s yours. You can leave with whatever assets you brought into the marriage and keep your respective money without worrying about being hung out to dry.
You own a business
One of the best reasons to have a postnuptial agreement is because you own a business. It can help keep your business interests protected even if you started the company after you got married. If you end up in divorce court, you won’t have to worry about your spouse getting a percentage of the company or its earnings.
You have children from a previous relationship
Having children from a previous marriage or unmarried relationship is a great reason to want a postnuptial agreement. It can help protect those children to ensure that you are able to leave them the inheritance they deserve. Without one, your spouse could potentially prevent your children from receiving what should be rightfully theirs.
You received a large inheritance
If you received a large inheritance, you might want to protect it from a potential divorce down the line. A postnuptial agreement can help you do that.
You never got a prenup
If not getting a prenup was something you always regretted, you’re a good candidate for a postnuptial agreement. Most couples who don’t get a prenup avoid them because they don’t want to start their marriage off awkwardly.