Setting Expectations Before Marriage
Premarital agreements, more commonly known as “prenups,” are important and useful documents that many couples can benefit from. Prenups can be used to protect important assets or address issues like property division and spousal support long before divorce is even a possibility. To ensure that your document will hold up in court, however, it is vital to work with an experienced prenuptial agreement lawyer, well in advance of your marriage date.
Robin Jill Schneider has more than three decades of experience helping people in Middlesex, Monmouth and Ocean counties, New Jersey, create complete and extensive premarital agreements specifically tailored to their needs. She can help you draft a prenup or review a document that you and your soon-to-be spouse created.
Without the help of an attorney, a premarital agreement can easily be invalidated by one spouse’s claim that he or she signed the document without specific financial information or that he or she did not have an adequate understanding of its contents because he or she did not consult with an attorney. Contact us today to discuss your prenup.
The Benefits Of A Premarital Agreement
Many people wince at the idea of a premarital agreement because they think that it would mean starting off their marriage with the intent to divorce. Prenups, however, are purely about preparation. By deciding now, with a clear mind, how you want to divide your assets or approach alimony, you can save yourself a lot of headache down the road if you should ever get divorced.
Some common reasons why people create prenups include:
- To protect a family business
- To protect an inheritance or expected inheritance
- To protect personal wealth accumulated prior to marriage
- To financially protect children from a previous marriage
Creating A Valid Prenup
If your prenup is drafted incorrectly, it will not hold up in court should you choose to divorce. According to New Jersey’s Uniform Premarital Agreement Act (UPAA), the requirements of a prenuptial agreement are:
- It is in writing.
- A statement of assets is attached to the document.
- It is signed by both spouses.
- You had the right to consult with an attorney.