Signs You May Need a Postnup

You're familiar with prenuptial agreements. But what if you don't have one, and your circumstances change? A postnuptial may be in order. Here are signs you might need one.

A Significant Gain in Wealth

Financial changes after marriage can affect a relationship. A postnuptial agreement clarifies how to manage increased family wealth and ensures protection if you divorce.

One of You Owns a Business

Business ownership complicates the division of assets in a divorce. A postnuptial agreement specifies what happens to the business, clarifying each party's roles, contributions, and entitlements.

You've Left the Workforce

If you've stepped back from your career or taken on a supporting role for your spouse, your financial dependence on them may increase. Use a postnuptial to outline expectations and protections for both partners, so if things don't work out, neither is left in a precarious financial situation.

A Large Inheritance

If you've recently come into a sizable inheritance, you might want to protect those assets from being classified as marital property. A postnuptial agreement can clarify that inherited assets remain yours alone, safeguarding your financial legacy.

A postnuptial may not seem romantic, but it clarifies your financial future and offers peace of mind. Requirements differ by state, so always consult an experienced legal advisor.