Postnuptial agreements are similar to prenuptial agreements, but, as the name implies, they are formed after you get married instead of before. There are many things you might learn about your spouse, about each other’s finances, and about various aspects of your marital relationship only after you get married, so it is important that couples be able to form these kinds of post-marriage agreements. These agreements have to be made after the marriage begins, but is there a time limit or waiting period before the agreement can be made? Is there an optimal time to write a postnuptial agreement? The Santa Barbara divorce lawyers at the Law Offices of Bamieh and De Smeth explain.
How Long Do You Have to Wait to Write a Postnup in California?
If you are considering forming an agreement with your spouse to plan out certain aspects of a potential divorce ahead of time, you can typically choose to sign a prenuptial agreement before you get married or a postnuptial agreement after you get married. Typically, prenuptial agreements are signed in the weeks leading up to the wedding, but postnuptial agreements may be formed months or even years after the wedding.
Under the law, there is no limitation as to when you can form this agreement; as long as it is signed after you get married, it would count as a postnuptial agreement. Couples are allowed to freely agree to write a postnup whenever they want. This could be written just after the marriage, or you could even draft the agreement and sign it the day after you get married if you wanted. Alternatively, you could wait months or years before writing a postnup.
Postnuptial agreements are also commonly used to amend or cancel prenuptial agreements. Your lives will change as you go through life together, and prenuptial agreements are flexible in that you can freely amend them later if you both agree. Sometimes this could include cancelling the prenup entirely soon after marriage or after many years of marriage.
When is the Best Time to Write a Postnuptial Agreement?
As mentioned, you and your spouse will likely go through economic changes and other changes in your lives as you continue to grow in your careers, have children, and change through experience. When this happens, many situations will not be the same as they were when you got married, and you may come to find that any agreements you formed before you got married or early on in your marriage might be irrelevant to the way your life is now. In light of this, there might not be one “best” time to write a postnuptial agreement.
Couples who are married early in their lives may not have strong finances, investments, business opportunities, or assets that they want to protect with a prenup or an early postnuptial agreement. It might not be until later in life that you find yourself with a high net worth that you want to protect with a postnuptial agreement. In that situation, choosing to write a prenup or a postnup that you sign early on in your marriage might be unnecessary unless you want to include an infidelity clause or terms related to spousal support. In those cases, you should still consider writing a postnup early on in the marriage.
More likely, you might not find the need to write a postnup until you have more developed finances, a set lifestyle and standard of living, and assets worth protecting with a postnup. Because of this, many couples may find that the optimal time to write a postnup is perhaps 5 to 10 years into their marriage.
If you do have a prenuptial agreement or already have a postnuptial agreement, it is worth checking on the terms of that agreement every few years. Sitting down with your lawyer and going over the terms of your agreement again may highlight portions of the agreement that have not been updated to reflect your current financial situation. In many cases, revising postnuptial agreements or writing a new agreement might be necessary, and your lawyer can help you with this process.
Reasons to Wait to Write a Postnup Instead of a Prenup
Prenups and postnups tend to include many of the same considerations and terms. Couples use either document interchangeably in most cases, setting up the document to determine from the outset how the divorce case will proceed. Even though these agreements might be similar in character, there are a few reasons couples might decide to forego a prenup and wait to sign a postnup instead.
First, many couples find prenups unfair or uncomfortable. Prenuptial agreements often have a bad reputation, and many couples find them distasteful because they see them as an ultimatum: sign the agreement or there will be no wedding. Many couples avoid this by committing to each other first, then working out the details of a postnuptial agreement.
Second, couples who marry before economic success may see no reason to sign a prenup. After making money or learning more about each other’s financial habits, they may discover a need for a postnup and sign it later.
Lastly, many couples use postnuptial agreements to revise a prenup or cancel it entirely. In this case, they may not wait until marriage to make an agreement, but then they discover the need to revise that agreement once married.
Call Our Ventura, CA Prenup and Postnup Lawyers for a Free Legal Consultation
The Ventura family law attorneys at the Law Offices of Bamieh and De Smeth represent husbands and wives in cases involving prenuptial and postnuptial agreements. We work to help our clients form agreements that help them and protect their interests in case of divorce. For a free legal consultation on your postnuptial agreement case, call our law offices today at (805) 585-5056.