A postnuptial agreement is a marriage contract created anytime after the wedding. Legal recognition of postnuptial agreements vary by state, so local laws should be consulted for specific requirements.
The following are some of the things that may be included in a postnuptial agreement:
- List off all assets, liabilities, income, and expectations of gifts and inheritances.
- Describe responsibilities for post-marital debts.
- Specify how to treat post-marital property,as well as the appreciation, gains, income, rentals, dividends and proceeds of such property in the event of death or divorce.
- Distribution of your post-marital property in the event of death or divorce.
- Ownership of the marital residence and secondary homes in the event of death or divorce.
- Treatment of gifts, inheritances, and trusts either spouse receives or benefits from, whether before or after marriage.
- Detail alimony, maintenance, or spousal support, or provide for a waiver or property settlement instead of support (to the extent allowable by law).
- Outline medical, disability, death benefits, life or long-term-care insurance coverage.
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