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It is created after a couple is married to define the rights and obligations of both partners if they were to separate or divorce. While it is entirely possible to construct your own postnuptial agreement, it is not typically recommended.

Although laws can differ by state, there are five basic elements to a postnuptial agreement: It must be in writing. ... It must be entered into voluntarily by both parties. It requires full and fair disclosure of relevant information at the time of execution. Terms must not be unconscionable or unjust or one-sided in nature.

Postnuptial Contracts ? Let The Spouses Beware Starting with the In re Kennedy's Estate, 135 N.W. 53 (Iowa 1912) case, courts have routinely struck down postnups as unenforceable. Couples seeking postnuptial agreements typically are looking for the same protections as those who create a contract before the marriage.

A postnuptial agreement cannot cover such matters like child custody, child support, divorce, and cannot ask a partner to commit fraud or any form of illegal activity.

A postnuptial agreement must include the following elements: It must be voluntarily agreed to by both parties. It must be in writing. It requires full disclosure of assets and debts. It must not be one-sided in nature. It must be signed by both parties.

A postnuptial agreement that is blatantly one-sided or that is otherwise extremely unjust toward one party, based on the facts and circumstances, will not be enforceable. Validly executed ? Postnuptial agreements must meet the requirements of the laws of the parties' state of residence.