Should I Execute a Prenuptial Agreement?
At the Law Office of Joshua Adam Kittenplan, located on Long Island, we understand that requesting a prenuptial agreement may be a sensitive topic during your engagement.
Yet, it is essential to keep in mind that a prenuptial agreement is a fair contract that is executed between future spouses that determines their respective rights during the marriage and in the event of a divorce. Therefore, giving each partner peace of mind on financial responsibilities prior to their marriage.
According to Forbes, the best reason to enter into a prenuptial agreement is to foster healthy communications about your finances from the beginning to prevent going through a divorce in the end
Before determining if you should execute a prenuptial agreement, consider the following:
What is the purpose of a prenuptial agreement?
- To amicably arrange your financial matters between you and your partner
- Used as a valuable tool to help you and your future spouse examine all of your assets, debts, and other financial resources
What should I know about a prenuptial agreement?
- Business and financial interests can be intricate and complex, especially when there is a vast amount of property or other assets
- There may be many different reasons for settling such matters now as opposed to sometime in the future when current laws may have changed
- Having a prenuptial agreement does not necessarily indicate that a divorce is an imminent event for your marriage
What do prenuptial agreement issues address?
- Preserving separate assets
- Addressing real estate matters
- Distributing appreciated value of assets
- Spousal support
- Bank, retirement, and investment accounts
Each party (you and your fiancé or spouse) must have separate legal counsel to ensure the agreement accomplishes the purpose for it and that you are fully advised as to your legal rights at every step.
If you need advice concerning a prenuptial or a postnuptial agreement, and are located in Nassau or Commack, The Law Office of Joshua Adam Kittenplan in Commack is equipped to help you with any marriage contract.
Reach us via email: joshua@kittenplanlaw.com
Call us directly: (631) 499-0606
New York Attorney Advertising. This is written for general information only. The information presented should not be considered formal legal advice. Prior results do not guarantee a similar outcome
