If you are planning to get married, but you’ve built up a high net worth or have children from a prior marriage and want to protect your assets, there’s a simple way to ease your mind—with a prenuptial agreement. A prenup, valid contract, simply establishes how your property will be divided in the event of divorce or separation. Contrary to popular perception, a prenuptial agreement often has the effect of bringing the parties to a marriage closer, as fears about the financial aspects of marriage take a back seat. It’s not essential, either, that you put the agreement in place before you get married—you can execute the document after your wedding—it’s then known as a postnuptial agreement.
The Benefits of a Prenuptial Agreement
A valid prenuptial agreement can:
- Identify specific property that goes to a spouse and children, in the event of divorce, separation or even death. You may have a valid will that gives property to your children, but a spouse can challenge the will after your death. A prenup will be evidence of your intent.
- Address debt as well as property, so that, in the event of divorce or separation, you aren’t left paying for your ex’s extravagant lifestyle
- Address other issues, such as whether or not alimony will be paid in the event of divorce or separation
To schedule a free, 30 minute telephone consultation to discuss your concerns, send us an e-mail or call our office at 201-343-0078. All calls and e-mails are returned within 24 hours. We’ll be at your side every step of the way