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Description:

This is a post-nuptial agreement (also call a postmarital agreement). Postnuptials are entered into after a marriage has taken place, but while parties are still married. As with premarital agreements, one or both of the parties usually is seeking to protect assets or income in the event of divorce or death. A married couple may seek to enter into a postmarital agreement after a significant financial change or a period of marital conflict. The law regarding the validity and enforcement of postmarital agreements is not well developed. The standard for enforcement of postmarital agreements most likely is similar to the standards discussed earlier for enforcement of premarital agreements. Key criteria for validity of the agreements include: full disclosure of assets, absence of duress, and fairness. When a man and woman are married (instead of just contemplating marriage), they may be held to a very high standard of fairness when dealing with each other on financial issuesperhaps a higher standard than would be the case if they were entering into a premarital agreement. When entering into a postmarital agreement, it would be a good idea for the parties to articulate in writing why they are entering into the agreement and to be sure the agreement is fair for both parties.
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