You need a postnup because most states are equitable division states.
Meaning that your assets, debts, and property are not split 50/50.
Without a postnup, the state determines:
- how to split your assets, debts, and property in divorce
- how to distribute your property at death
If you wish to distribute your property differently, you need a postnup agreement.
Some other reasons you want to hire an postnup lawyer is to:
- keep separate property separate
- define marital property
- keep inherited property separate from marital property
- define inheritances to children from prior relationships
- keep the courts from determining how to split property
- determine how to handle an estate plan
- define how to handle finances during the marriage
A postnuptial agreement is a financial contract between two people getting married.
Your postnup will outline the assets and debts of each person.
And how assets and debts should get distributed in the event of death or divorce.