What Are Postnuptial Agreements

What is a post-termination contract? Simply put, it is a legal contract signed by a married couple after marriages. Not only does this agreement dictate how a couple`s property is divided, but it also includes many other provisions that dictate marital behavior – from the division of household chores to expectations of monogamy to the allowed number of mother-in-law visits. But postnups are mostly about money. Although New York law already determines how property is to be divided in the event that a marriage ends in divorce or death, the courts will recognize a valid post-marital contract that may differ from how New York law would divide property. The post-marriage contract takes control of your property and assets away from the state and puts them in the hands of you and your spouse. You may already be familiar with marriage contracts, but post-uptial agreements can also prove to be very valuable in a period of transition…