What needs to be disclosed in a postnuptial agreement?

As with prenuptial agreements, spouses who sign a postnuptial agreement must make a full and complete disclosure of their income, assets, and liabilities to the best of their abilities.

The decisions agreed to in postnuptial agreements are based almost entirely on each spouse’s relative power in the financial relationship. Therefore, for a postnuptial agreement to be valid and effective, each spouse must have a solid understanding of the other’s financial situation.

If one spouse in the marriage refuses or is reluctant to disclose his or her financial information, it should be a potential warning sign to the other spouse, who may want to reconsider signing the agreement.

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