Is a Postnup as good as a Prenup?

A postnuptial agreement is similar to a prenuptial agreement; however, it is a legal contract signed after a couple are married. It allows couples to address changes in their financial situation during marriage, such as ownership of a business, or receiving an inheritance.  A postnup can be important for people entering a second marriage. An agreement allows couples to make it clear how their finances should be divided in the event of a divorce. Courts generally view postnuptial agreements with more scrutiny compared to prenuptial agreements, but they can still be upheld if certain conditions are met. The conditions are:

The agreement must be voluntary.

There was full financial disclosure.

It was signed a reasonable time after marriage.   

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