The idea of getting a prenuptial agreement may cross the minds of many New York residents who are considering marriage. However, numerous people forgo creating such an agreement due to fear that their soon-to-be spouse may be offended by the idea. Though it may be a sensitive topic to approach, individuals may wish to seriously consider such an agreement in order to prepare for the possibility of divorce.
When it comes to creating a prenuptial agreement, many areas of life could be covered. Most often, individuals want to come to terms regarding how property will be divided should they decide to end their marriage. Premarital property, gifts and other assets could be addressed, and individuals could determine which party may maintain ownership of what property.
Additionally, individuals could set terms for how alimony could be awarded. Stipulations regarding lifestyle choices -- such as one party staying home with the kids rather than working -- could play into how alimony is calculated if parties agree to these terms in their prenup. Because many individuals do make sacrifices during their marriages for the good of the family, addressing potential compensation for those sacrifices could be a prudent move.
Though many individuals may want to think that their marriages will stand the test of time, many relationships do come to an unexpected end. Therefore, protecting assets and coming to terms ahead of time may be wise. Interested New York residents may wish to consult with experienced attorneys who can provide information on how prenuptial agreements could be used to safeguard against certain divorce aspects.
Source: jaxdailyrecord.com, "Prenups are for women, too", Heather Quick, Feb. 20, 2017