A Postnuptial Agreement is a legal contract created by a married couple after they have tied the knot. This agreement outlines how assets and debts will be divided in the event of a divorce or separation. It can also address issues like spousal support and property rights, providing clarity and protection for both partners. Unlike a Prenuptial Agreement, which is established before marriage, a postnuptial agreement is formed when the couple is already married. It can be useful for couples who want to reassess their financial situation or clarify their intentions regarding shared property and responsibilities.