If you and your partner decided against a prenuptial agreement, it does not mean that you cannot make a similar agreement after marriage. Sometimes, a prenup does not sound like a good idea, despite how it serves a legitimate purpose.
According to U.S. News, a postnuptial agreement is similar to a prenup except that you sign it after you and your partner marry.
Is your partner financially responsible?
Financial stress can put a lot of pressure on a marriage. If you have a partner who mismanages finances or racks up debt, you may consider leaving the marriage. A postnuptial agreement protects you because you would not remain responsible for all of the debts of your spouse.
Does one of you stay at home with the children?
If you stay at home with your children, you do not have a separate income from your spouse. While you may not consider a divorce early on in the marriage, you need protection if you do split. Many stay at home parents worry about having little to no money after a divorce.
Do you have children from another marriage?
Having children from a different marriage can complicate what happens if something happens to you or your spouse. You may worry that all of your assets would go to your spouse’s kids instead of your own or vice versa. A postnuptial agreement can protect you and the children.
The point of a postnup is to keep you or your spouse from facing serious financial issues if you divorce. The postnup should benefit the two of you.