Most people enter into a marriage certain it will last forever. While that sometimes is the case, nearly half of the marriages in the U.S. end in divorce. As a result of this alarming statistic, more New York couples may be seeking a prenuptial agreement. While the idea may not be romantic, it is only logical to consider all possibilities before you say your wedding vows.
A prenuptial agreement is a contract two people enter into before their marriage. It provides protection of assets to both parties should the marriage come to an end. The contents of the agreement are up to the couple, but they often cover matters of property division, spousal support and custody as well as the terms of a possible forfeit of assets. Entering into such a contract before the emotions associated with a divorce come into play binds the two parties to the decisions they made with clearer heads.
In a recent article, one young New York woman shared why she would be getting a prenuptial agreement and felt everyone else should, too. She also openly discussed the reaction many people have to the idea. Some may consider the contract an assumption that the relationship will end. Others feel it is a cynical way of looking at their future. Since divorce is a fact of life, it is realistic to consider protecting oneself from the legal issues that often result.
A divorce can be a difficult event emotionally and financially. Couples often spend months if not years in court arguing over the specifics of their separation. Taking proper measures before the marriage may save some of the pain and suffering felt when the relationship ends. New York residents considering a prenuptial agreement should research the resources available to assist them. Proper knowledge of a state’s divorce laws may be critical in drafting a fair and valid agreement.
Source: The Huffington Post, Why I’m Getting a Prenup — and You Should Too, No author, Dec. 26, 2013