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August

Which Is Right for You: Prenup or Postnup?

By Jeffrey M. Salassa

Clinton Township family law attorney highlighting difference between prenuptial and postnuptial agreements at his desk

Prenuptial Agreements are often considered taboo, but they can provide much needed clarity for a couple who decides to end their marriage. Likewise, a Postnuptial Agreement can also be extremely helpful in the event of a divorce.

If you are already married, the opportunity for signing a Prenuptial Agreement has passed. However, a Postnuptial Agreement is still a viable option. A Postnuptial Agreement requires full financial disclosure and must identify what property has been obtained by the parties during the course of their marriage.

A Postnuptial Agreement will need to address how to distribute the assets jointly held by the parties in the event of divorce. Like a Prenuptial Agreement, a Postnuptial Agreement will need to be very specific and clearly identify how each asset will be disbursed. While both types of agreements can be beneficial when a marriage ends, a Prenuptial Agreement is slightly less complicated as no marital property has yet to be established. However, for people who are already married, a Postnuptial Agreement can be very helpful in ensuring that the divorce process runs smoothly and efficiently.

If you are considering marriage now is a good time to also think about a Prenuptial Agreement and if you are already married but want to alleviate your concerns about what may occur if you were to ever divorce, then a Postnuptial Agreement is a good way to do so. At the law offices of Iafrate & Salassa, we can draft a Prenuptial or Postnuptial Agreement to provide you with peace of mind regarding your financial future. Call us today at 586-263-1600 to learn more.

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