No prenuptial agreement? Consider a postnuptial agreement

While some couples in Kentucky choose to create a prenuptial agreement before getting married, there may be many reasons why a couple would fail to do so. After all, a prenuptial agreement may not seem very romantic or could even be seen as a sign that an individual expects the marriage to fail. However, just because an individual decides to enter into a prenuptial agreement doesn't necessarily mean divorce is on the horizon. That being said, if a couple marries without a prenup, is that door closed forever?

One option for individuals who did not create a prenup but later want to protect their property interests is to enter into a postnuptial agreement. Like a prenuptial agreement, a postnuptial agreement can be made legally binding. It is created after a couple is married and it can include provisions regarding how the couple's property will be split should the marriage come to an end. In addition to asset division, it can also address debt division and alimony.

Postnuptial agreements can be especially useful if a spouse has children from a prior union. It can make sure that the children will receive their parent's assets, if that is what the parent wishes. Postnuptial agreements can also protect the financial interests of spouses who leave the workforce to raise a family. In addition, if a person expects to receive an inheritance, this may be another reason to consider a postnuptial agreement.

Maybe a couple feels like they are not wealthy enough to need a legally binding postnuptial agreement. However, there are still good reasons to at least sit down and discuss the topic. After all, each spouse, no matter what his or her worth, has property and financial interests. Postnuptial agreements can make sure these interests are protected.