A prenup is short for a Prenuptial agreement, and this contract is signed by two people before getting married to protect their assets. But what if you want to get a prenup after getting married? Is it already too late? The contract can still be carried out the same way, except instead of a prenup, this contract is known as a post-nuptial agreement. Postnup
The prenup and postnup contracts are the same in the sense that the agreement decides how a couple will divide their assets in case of a divorce or death. Many couples get married without even mentioning a prenup. This conversation can be awkward and lead to questions about a lack of trust, so they avoid it. But the truth is, there is nothing more trustworthy than a signed agreement protecting your assets in case something goes wrong.
But why would something go wrong? Nobody plans for accidents to happen, but once they do, it's better to be prepared than surprised.
I'm sure you've heard the line before; more recent reports state that today, 39% of all U.S Marriages end in divorce. This percentage is better than the 50% that became so known during the early 2000s, but that's still not the best odds for living happily ever after with your other half.
If you didn't get a prenup to protect your assets before marriage, you might be wondering if it's worth considering at this point. Here are the three most significant factors to consider when thinking about a postnup.
If you're considering a way out of your marriage, you might hesitate if there is no prenup to protect your assets. If this is the case, you can still protect property and valuables by signing a postnup agreement with your spouse.
Even in happy, harmonious marriages where love is unconditional, there can be a lack of trust for what could go wrong in the future. A contract about asset division may be awkward and controversial in a happy marriage. However, studies show that only 3% of married couples who signed this document regretted it afterwards. And, contrary to the negative stigma that gets thrown around, these contracts are intended to protect both parties.
A post-nuptial agreement might be seen as unromantic, but couples who mutually agree on getting one end up reinforcing their marriage and being happier. According to studies, the percentage of millennials seeking asset protection agreements like prenups and postnups has increased by 62% from 2013 to 2016.
Everyone knows that numbers don't lie. There's a reason 39% of marriages end in divorce, and there's a reason only 3% of couples with a prenup or postnup regret it.
If you're interested in learning more about asset protection, call us today and follow us on social media @BorellLawOffices so you never miss any news or updates.
