Even if your love for your spouse knows no bounds, you and your partner may not agree on everything. Different people can adopt different perspectives when it comes to estate planning, and you may have certain ideas while your spouse has others.
If you are married and you can’t come to an agreement with your spouse with regard to the proper course of action when you are planning your estate you could consider entering into a post-marital agreement.
Everyone has heard of the premarital agreement, but you can also enter into an agreement with your spouse after you are actually legally married.
If each person would like to leave inheritances in different ways you could enter into such an agreement delineating the personal property of each spouse. Subsequently each individual could make independent decisions regarding inheritances.
Entering into a post-marital agreement can also be a way to harness some personal resources if you want to make sure that children from a previous marriage are going to receive inheritances someday if you did not enter into a prenuptial agreement prior to remarriage.
These agreements are definitely useful in some estate planning situations, but from a broader financial planning perspective they can also serve a purpose.
In the same manner that a husband or wife may not agree about inheritance plans there are cases when disagreements arise about other types of financial decisions. Marriages have broken up over financial disagreements.
You could solve the problem by executing a post-marital agreement that divides the financial resources in a manner that is amenable to both parties. Each partner can then go forward making his or her own financial decisions, and there should be no cause for further arguments over money.
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