In Episode 128 I talked about the divorce of Bill & Melinda Gates, the fact that they didn't have a pre-nuptual agreement, and when these agreements might be a good idea. Although they are of particular importance in community property states, here in New Jersey and other equitable distribution states, it still might be a good idea.
But what if you got married without a prenup? What happens then? Is it too late to agree on certain issues, such as the division of property, alimony, and child custody? Maybe not. Which is why in this episode of the podcast I wanted to talk about something called a post-nuptual agreement, what it is, what it does, and whether you should think about having one.
In this episode you will learn:
- What a Post-Nuptual Agreement Is
- How it Differs from a Pre-Nuptual Agreement
- Who Should Have One
- Circumstances That Could Trigger the Need for One
- The Pros and Cons
Links & Resources
- What is a Post-Nuptual Agreement? (Wikipedia)
- 5 Signs You Need a Postnup (Investopedia)
- Three Reasons You Should Get a Postnuptial Agreement (Kirker Davis)
- Here’s why couples might want a postnuptial agreement (CNBC)
- Prenuptual & Postnuptual Agreements (Chiumento Law)
- Pros & Cons of Post-Nuptual Agreements (Sadek & Cooker)
- IRS Tax Withholding Estimator
- Making these 5 money moves now can set you up for financial success in 2023
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