blog home Post-Nuptial Agreement How Post-Nuptial Agreements Can Resolve Marital Discord

How Post-Nuptial Agreements Can Resolve Marital Discord

By Nottage and Ward on October 19, 2011

There are many reasons why a marriage turns rocky, and, in these tough economic times, many miscommunications, disagreements, and resentments lie in financial insecurity. Financial problems, even potential financial problems or uncertainties, are a cause of emotional stress which can turn a good marriage into a barely functioning one with an ongoing “blame game.” According to The Huffington Post, the answer to resolving such issues may simply be a post-nuptial agreement.

A post-nuptial agreement, like a pre-nuptial agreement, is a voluntary marital contract that outlines each spouse’s obligations and responsibilities when it comes to spending, debt, and both individual and marital assets. Unlike a pre-nuptial agreement, however, it is entered into after marriage. Many marriages do not have a pre- or post-nuptial agreement, but every marriage and every spouse is different. Every married couple needs to go with what works for them.

Post-nuptial agreements can cover a wide range of issues, including:

  • Joint versus individual property;
  • Responsibility of debt;
  • Allocation of earnings;
  • Disposal of business after disability, divorce, or death;
  • Distribution of assets after divorce or death;
  • Business roles;
  • Future priorities, such as children, education, and retirement;
  • Life insurance; and
  • Wills.

With contentious financial issues taken care of, a married couple can let go of the ongoing stress that made the marriage difficult; and if, for whatever reason, the couple decides to go their separate ways, the post-nuptial agreement provides a framework for a divorce agreement. If you and your spouse live in Illinois and believe that a post-nuptial agreement is a viable option for your situation, contact the experienced Chicago post-nuptial agreement attorneys at Nottage and Ward today at (312) 332-2915. We look forward to answering any questions you may have.

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