By Elizabeth J. Billies | Esquire
Post-nuptial agreements have become more popular in recent years but . . . what exactly are they? While a pre-nuptial agreement is an agreement signed before the marriage, a post-nuptial agreement is signed after the parties have already tied the knot. Similar to a pre-nuptial agreement, a post-nuptial agreement sets forth how the parties will divide their property and/or if either would receive alimony in the event of a divorce. Parties generally sign post-nuptial agreements for two reasons: one, they simply didn’t get a chance to sign a pre-nup before they got married or two, they have hit a rough patch in their marriage but aren’t quite ready to call it quits. For more information about the rise of post-nuptial agreements and different states’ treatments of such agreements click here.