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Definition of postnuptial settlement : a legal settlement after marriage of property by one spouse upon the other often but not necessarily in contemplation of separation or divorce.
In Texas, a postnuptial or marital property agreement is acceptable in court as long as it meets the proper requirements. Each party should obtain a lawyer and a neutral third party, preferably another lawyer, to look over the draft before finalizing.
Postnuptial agreements have become common in recent years, and they are honored and enforceable in most U.S. states. 1 Most postnups are mostly about money and protecting assets in the case of a divorce, and postnups may be written when a couple is in crisis or concerned about the state of their union.
There are generally three different, but related, types of postnuptial agreements in the United States today. A means of dividing assets and providing for spousal support The most common type of postnuptial agreement spells out how a couple's assets and liabilities would be divided in the event of a divorce.
The most common post marital residency form is patrilocal, where the newly married couple go to live with or near the groom's family.