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In Divorce And Other Family Law Matters

What can a prenuptial agreement do for you?

On Behalf of | Feb 18, 2022 | Uncategorized |

A lot of planning usually goes into the wedding day. After all, this is supposed to be one of the biggest days in a person’s life. Couples will probably have spoken in-depth about whether they are ready for the commitment.

Sometimes, the planning ceases at the point of the wedding day. There may be an assumption that everything will run smoothly during marriage and that disagreements will be ironed out automatically. In reality, life after marriage requires effort from all parties. A prenuptial agreement is one way that couples can give themselves much-needed security before they tie the knot. Here’s what a prenuptial agreement can do for you;

Clearly define your property

New York is an equitable distribution state. This means that should a couple decide to divorce, the court will divide their property in a way that is perceived to be fair to all parties. A prenuptial agreement allows you to take this matter out of the hands of the courts. You and your spouse can come to an agreement on who owns what, and who gets to keep it should a divorce occur.

Simplifying other legal issues

A prenuptial agreement can also allow you and your spouse to come to agreements on other financial aspects. For instance, you can settle who is to run the family business should a divorce occur. Financial disputes often take up a large focus of divorce proceedings and settling conflicts over such matters can take several months or more.

Getting marriage off to a strong start

Frequently, prenuptial agreements are looked at as a sign of mistrust. This is not necessarily the case. Many partnerships run into trouble because of financial dishonesty and a prenuptial agreement can prevent this. By getting everything out in the open before the marriage commences, couples have a strong platform to build from in terms of talking openly about finances.

Exploring all of your options before marriage will only serve to help you. It is also beneficial if you get to know your legal rights in the state of New York.