Don’t Let the Word “Pre-Nup” Scare You

While Prenuptial Agreements aren’t nearly as appealing to talk about as wedding cakes or honeymoons, they can help you avoid financial issues later in life.  Some couples might feel as though a pre-nup has a divorce stigma attached to it, but it can actually be a great opportunity to get on the same page for planning your future together.  There are several different reasons that couples get pre-nups. For instance, maybe one of them has been previously married and some circumstances are different now than they were in the first marriage.  If you are bringing certain assets into a new marriage, such as child support or multiple properties, you may want to ensure they don’t get tangled up in any other finances.  Other reasons people get a pre-nup include: one person is much wealthier than the other, one person has much more debt than the other, one or both people are small business owners or entrepreneurs, they want to ensure their finances and marriage remains private, they were engaged for a very short period of time, or maybe one person does not work or does not plan to work.

To lay it all out for you, Ivy Jacobson discusses the basics in her article “Everything You Need To Know About Pre-nups.”  A Prenuptial Agreement is a contract that a couple signs before getting married to figure out their finances, what each party’s separate property is, and how they would split their home.  It can delineate how they would divide up marital property, including marital debt – so not only what they have, but also what they owe.  A Prenuptial Agreement can also state how long a spouse or children can stay in the marital home during a divorce.

Are you thinking about entering into a Prenuptial Agreement? Are you considering filing for divorce or separation?  When a couple decides to dissolve their marriage, there are many aspects that need to be addressed including child custody and financial support, parenting time/visitation, spousal support and equitable distribution, to name a few.  These are subjects that Jay D. Raxenberg, P.C. has gained a great deal of experience in over the last two decades in Supreme and Family Court in the tri-state area.  Mr. Raxenberg has extensive training, knowledge and experience in this area of the law and is dedicated to providing exceptional compassionate legal representation to all of his clients.  Please call (516) 491-0565 or toll free at (888) 543-4867 to arrange your initial complimentary consultation.