Prenuptial and Postnuptial: The differences and why you should have one.
Prenuptial and Postnuptial: The differences and why you should have one.
Years ago, the idea of a prenuptial agreement came across as taboo. Some thought of it as preparing for failure. This, however, is not an accurate assessment. It is no different from insuring a home for fire or flooding. It’s not that you want it to happen or expect it to, but in case it does, you’re covered. Now, there are both prenuptial and postnuptial agreements. At Howard, Lewis & Petersen Provo Family Law Attorney, we can help cover the difference while also help set you up with these kind of legal documentations.
The Prenuptial:
As the names suggest, a prenuptial agreement is created before exchanging your vows (your nuptials). At Howard, Lewis & Petersen Provo Family Law Attorney, we help determine how everything is split up in the event of a divorce. This can help cut down on expensive legal costs and extended family court should a divorce occur.
What often is lost in the idea of a prenuptial is that it doesn’t just cover divorce. It also covers what happens if one spouse dies. This can affect not only a first-marriage, but also a second-marriage. If a spouse has children from a previous marriage and dies, the prenuptial can cover where legal guardianship of the children moves to.
The Postnuptial:
A postnuptial agreement occurs after the wedding. Now, after exchanging vows basically everything merges together. Often times couples opt for a postnuptial simply because they didn’t think about creating a prenup ahead of time. Additional investments may have been made or something could have happened to a former spouse and guardianship of children could have shifted, in which case the postnuptial becomes even more essential.
While neither legal documents are romantic, it is important for both parties to protect themselves, their assets and their children in the event of a divorce. Howard, Lewis & Peterson Provo Family Law Attorney can assist with any possible legal questions, or the creation of such a document.
