Long Island NY Prenuptial Agreements, Laws, Facts and Questions
What is a prenuptial agreement?
A prenuptial agreement or prenup is a contract between the engaged couple that is agreed upon prior to marriage. Prenuptial agreements include the division of property and spousal support in an event of divorce or death. A prenuptial agreement will usually list both party’s assets and liabilities prior to marriage. The list should be completed by both parties and must have full disclosure in order to be legal.
Can anyone create and sign a prenuptial agreement?
Yes, any couple that is getting married can enter into a prenuptial agreement.
What is discussed in a prenuptial agreement?
- Division and ownership of property and debts
- Spousal support
- Inheritance of property
What should I not put in a prenuptial agreement?
- Child Custody, visitation or support
- Personal matters or provisions that do not deal with property or finances
Why do I need a prenuptial agreement?
The decision to obtain a prenuptial agreement rests solely on the individual. However, if any of the following is true you might want to consider a prenup.
- Own or co-own a business or practice
- You expect to receive a large inheritance
- You expect to receive a large pay raise
- One party is much wealthier than the other party
- You financially support the other in education
- You have valuable property such as; real estate, stock, bonds or savings
Are all finances disclosed in a prenuptial agreement?
Yes, it is vital for all assets, debts and income be disclosed. If not it could result in a trip to court.
How long does it take to draft a prenuptial agreement?
It all depends on how complex the couple’s finances are and the time it takes to negotiate the agreement.
Hire the right attorney to help you understand the laws pertaining to prenuptial agreements.
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 & Assocaites 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.