What is the difference between prenups and postnups?

What is the difference between prenups and postnups?


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Madison
Assistant at Parklin Law

A prenup is a legal contract signed before the wedding that lays out how you plan to divide your assets in case of a divorce. A postnuptial agreement (or postnup) is an agreement signed after the wedding that works like a prenup, except it's signed after you're already married and at the time of your choosing.

You might have heard people call them "prenups" when they really mean postnups. There's a reason for that: The term "prenup" is so common that it's abbreviated as just "the prenup." It's also more common to sign a prenup than a postnup, especially if you're getting married without any assets or children.

Prenups and postnups are similar in many ways, but there are some important differences between them. Before making either one, it's important to understand what each one does and why you'd want to make one—or not.

Prenups and postnups are both tools for solidifying the financial aspects of a marriage.

It covers a variety of topics and is extremely customizable. The most common reason for getting a prenup or postnup is if one person in the relationship has significantly more assets than the other—particularly if there are children from previous marriages or significant debt that needs to be taken care of. One partner might be worried about being left with nothing in the event of a divorce, while the other partner is concerned about taking on too much responsibility. Prenups and postnups can also be used to ensure that both parties' wishes are followed in regard to things like child custody and spousal support. In addition, they can be used to draft an agreement on how the couple plans to handle their finances.

If you have any questions or in need a Family Law Attorney, we have the Best Attorneys in Utah. Please call this law firm for free consultation.

We help you with Estate Planning, Wills, Trusts, Power of Attorney, Health Care Directive, Estate Administration, Probate and More

Parklin Law - Estate Planning

5772 W 8030 S, # N206

West Jordan UT 84081

(801) 618-0699

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Parklin Law
Estate Planning Attorney in West Jordan
https://parkin-law.business.site/

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Disclaimer: This is not legal advice and is simply an answer to a question and that if legal advice is sought to contact a licensed attorney in the appropriate jurisdiction.

Location: Delta, UT 84624, USA

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