Investopedia / Eliana Rodgers A postnuptial agreement is a contract agreed upon by spouses after marrying that outlines the ownership of financial assets in the event of a divorce. The contract ...

Testamentary trusts, by comparison, are fixed once the grantor passes away, providing less flexibility. Any changes would require legal proceedings, which can be cumbersome and costly.

Testamentary trusts are generally irrevocable ... An unfunded trust consists only of the trust agreement with no funding. Unfunded trusts can become funded upon the trustor’s death or remain ...