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Timing is everything when it comes to prenups and postnups

Planning for a wedding involves weeks, months, or even years of preparation that culminate in the events of a single day. Planning for a marriage, on the other hand, is a continuous process that doesn't stop after wedding bells have rung. In Texas, couples pondering marriage have the option of completing a prenuptial agreement to outline goals and priorities. However, if a prenup is not finalized before the marriage, Texas couples can also make a postnuptial agreement after tying the knot.

Almost all 50 states now recognize postnuptial agreements, which appear to be gaining in popularity throughout the country. In a survey by the American Academy of Matrimonial Lawyers, over half of divorce lawyers questioned observed an increase in postnups between 2009 and 2012. Some legal groups predict postnups' use will continue to grow in light of the recent Supreme Court decisions on gay marriage.

Like a prenup, a postnup can address a variety of issues that can impact either party during or after marriage. For instance, a postnup can dictate how certain financial assets will be allocated in the event of a split. A postnup can also address other topics, such as a partners' weight gain. Postnups are ideal for couples who simply didn't have time to complete a prenup, and want to put important concerns into a legally-recognized document. Postnups may also be helpful for couples who are trying to save their marriage during times of trouble. By carefully considering the most important issues in their married life, they can think more clearly about the union as a whole.

Finally, postnups may also come in handy when it comes to more black-and-white concerns. Many couples experience one party receiving an inheritance or other large gift. When this occurs, there are usually many aspects to consider, and legal assistance can show parties how to designate property in a manner that accords with parties' wishes.

Source: NBC 5 News, "If you ran out of time for a prenup agreement, try a postnup," Kelley Holland, July 5, 2013

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Attorney Christine K. Lincoln

Christine K. Lincoln offers sound counsel and legal services to protect clients and their families facing divorce and other family disputes.

She will take the time to understand your individual needs and develop a comprehensive solution to protect your rights and interests.

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