New York Prenuptial Agreements
Prenuptial agreements have been around for thousands of years. A prenuptial agreement or prenup is a legal contract between engaged couples that states terms that will protect the financial stability of one or both party’s. The agreement can vary from couple to couple and must be drafted and agreed upon prior to marriage. Most legal prenuptial agreements cover the division of property and spousal support terms in an event of divorce or death. Additionally, in order to be a legal prenuptial agreement, the agreement must include full disclosure of both party’s assets and liabilities prior to marriage.
Most people think that prenuptial agreements usually apply for the rich and famous, however anyone can enter into a prenuptial agreement prior to marriage. Since one and three first marriages lead to divorce and the national divorce rate is over 60% it is smart to have financial plan in place prior to marriage to protect the smallest of nest eggs. As a result, there are many different reasons why couples enter into prenuptial agreements. The following are a few examples:
- you own your home prior to marriage
- you own your own business prior to marriage
- you have stock or retirement funds prior to marriage
- you receive an inheritance
- you have children or grandchildren from a previous marriage
- you are wealthier than the other
- you are supporting the other through college
The laws pertaining to prenuptial agreements vary from state to state, so it is very important to have an attorney when drafting a prenuptial agreement. For example, there are five requirements for a valid prenuptial agreement.
- agreement must be in writing
- must be executed voluntarily
- must have full disclosure for both parties
- the agreement must be unconscionable, must be fair for each party
- must be executed by both parties by a notary public
If you are considering drafting a prenuptial agreement it is essential to contact an experienced prenuptial agreement attorney. Drafting a prenuptial agreement is a complex process and has too many legal considerations for a couple to draft alone. Drossman & Associates have talented and trustworthy attorneys that have experience in matrimonial law. Our attorneys realize that all prenuptial agreements vary and each couple has different needs. Therefore, we take time understanding the nature of the agreement; we listen to clients’ needs and then provide the legal guidance and options that are available. At the same time, we give undivided attention, individualized service and shows respect to every client. Our firms’ goal is to give each client quality service and resolve their legal issues without breaking the bank. Furthermore, we will aggressively fight to protect our clients’ interests pertaining to the prenuptial agreement and will attain the best outcome for current and future needs.
New York Prenuptial Agreements and Attorneys
Drossman & Associates specialize in Divorce, Family Law, Guardianship, Matrimonial and Criminal and Civil litigation. Since 2005, Jennifer Drossman has built the reputation of having a successful boutique law firm. The law firm of Drossman & Associates is small enough to focus solely on the clients’ needs and large enough to give top notch legal advice. Our law firm effectively represents our clients because we have a wide range of resources, investigators and expert witnesses at our disposal. Drossman & Associates has over 10 years of experience handling all types of family law matters including alimony, separations, divorces, child support, child custody & visitation. Complete the evaluation form or call the office at 1-516-708-1970 and speak with a specialized prenuptial attorney. Your information is confidential.