Prenuptial versus Postnuptial: What is the Difference?
Almost 50 percent of all marriages in US have led to divorce . Although love is the foundation of marriage, we cannot make sure that love can last until the end. This is evident among the numbers of divorce rate in the country. This increase in divorce rate has led prenuptial and postnuptial agreements to become popular among married couples for the protection of their assets. There are two types of agreement suitable for this situation, the prenuptial agreement and the postnuptial agreement. How do these types differ and which is better? Read more to learn more. Prenuptial Agreement As the name suggest, prenuptial is an agreement made prior to the wedding . It is an agreement between the engaged couple regarding the ownership of their properties or how will they divided them and financial rights of each partner in case divorce will take place. This does not mean, though, that the couple anticipates a divorce. In this agreement, all properties and assets acquired afte...