Community Property Postnuptial Agreement

An identity contract is actually the same as a marriage contract, except that you and your spouse enter into it after you and your spouse have already married, instead of getting married. In a post-marital contract, you and your spouse communicate the money and property you currently own, both separated and marital property. Next, determine the rights and obligations each of you will have during the marriage, including how you will share your money and property in the event of a divorce or the death of one or both of you. The property that each person owned before the marriage remains the separate property of that person after the marriage. It defines the property rights of both parties in the event of divorce, lists the separate property they bring to the marriage, and can set conditions such as a waiver or limitation of the spouse`s pension.