A Prenuptial Agreement is a contract entered into between two people who are planning to get married. The purpose of such a document is usually to set forth the couple’s agreement as to how their finances will be divided in the event their marriage does not last and they end up divorcing.

A Postnuptial Agreement is entered into by a couple who are already married, most often when they are considering a separation or divorce. They may still be working on their relationship and not yet ready to separate but want to define how their finances would be handled in the event they separate and ultimately divorce.