Prenuptial agreements are now recommended as a valuable legal tool, not just for wealthy males and females, but also for anyone who is just starting out in a career, has established a business, or persons in a number of different situations. In fact, it is hardly necessary to outline the merits of prenuptial agreements. These have become exceedingly popular over the past decade, and not just among the super wealthy.
However, what about people who have not signed a prenuptial agreement, and have given up their careers to look after their homes and their children after marriage?For such people, experts increasingly recommend a postnuptial agreement.
Postnuptial agreements differ from prenuptial agreements in that these are negotiated and signed after the marriage contract has been signed. Postnuptial agreements are much rarer than prenups, and there is much that is not known about the benefits. However, that doesn’t mean that they are not being used.
In fact, an increasing number of couples are opting to sign postnuptial agreements and in 2012, a survey by the American Academy of Matrimonial Lawyers found that 51% of lawyers reported an increase in postnuptial agreements over the past three years. Even more encouraging is the fact that many women are now making the move to ask for a postnuptial agreement.
It’s fair to say that women who give up their promising careers after marriage in order to stay home, and bring up children are at a much higher risk of financial devastation in the event of a divorce. These persons may not have a career to return to, and if they do not have a prenuptial agreement, may find that their financial options are very limited after a divorce. For this reason, many experts recommend that stay-at-home home mothers, or those who intend to give up their career after kids seriously consider a postnuptial agreement.