Pre and Post Nuptial Agreements
Marriage is not just an emotional and physical partnership; it is also a financial partnership. When two people enter into a marriage, they merge their income and assets. Unfortunately, like any other relationship, a marriage can end. If a marriage ends in divorce, there is always some confusion regarding who is entitled to what.
Pre and post nuptial agreements are a great way to avoid this confusion. A pre nuptial agreement is a written contract that is made before marriage and a post nuptial agreement is a written contract that is made after marriage. Both agreements outline how assets will be distributed after a divorce or death of a spouse. Contracts of this nature have existed for years, and are a way in which people can protect the wealth they accumulated before marriage.
Often times, pre/post nuptial agreements have a negative stigma. People tend to think that pre/post nuptial agreements violate trust and respect between spouses. However, pre/post nuptial agreements can protect the well-being of the marriage as well as the people within the marriage.
How Can a Pre/Post Nuptial Agreement Help?
Married couples can build trust by honestly discussing their assets and planning out their finances. Instead of avoiding this touchy subject, couples can eliminate uncertainty and establish clear, agreeable financial terms with one another. This is also a good time for spouses to disclose assets and appreciate one another’s financial concerns. When an financial agreement is made, spouses can have a sense of clarity about this area of their marriage, which can eliminate future arguments.
Should You Consider a Pre/Post Nuptial Agreement?
Despite popular belief, you do not have to be independently wealthy to consider having a pre/post nuptial agreement. There are many cases in which it might be beneficial to have a pre/post nuptial agreement. You should consider a pre/post nuptial agreement if:
- You own your own business
- You expect an increase in income due to the success of your own business.
- You are pursuing a professional degree, license, or certification in a lucrative field.
- You have children from a previous marriage and you want to ensure their financial security.
- You are supporting or plan to support your spouse while they obtain a professional degree, license, or certification.
- You may be receiving a substantial inheritance.
In any of these instances, it is wise to consider having a pre/post nuptial agreement in place so that you can protect your wealth and your family’s financial security.
New York Divorce Attorneys
If you are thinking about a pre/post nuptial agreement, it is to your benefit to speak with a dependable attorney who understands New York matrimonial law. At the Law Offices of Scupp & Berman, LLP, our attorneys have over 20 years experience with matrimonial law cases. When you work with our law offices, you will receive the knowledge, attention, compassion, and professional legal counsel you need to be comfortable while drafting your pre/post nuptial agreement. We will work closely with you and your spouse during this sensitive time to make sure that all matters are handled eloquently.
Our initial consultations are free of charge so that you can seek the guidance you need without having to spend money on unjustifiable fees.
Contact The Law Offices of Scupp & Berman, LLP
(516) 683-1990
The Law Offices of Scupp & Berman, LLP proudly serves clients throughout New York in Long Island, Garden City, Suffolk County, Nassau County, and Mineola.
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