Prenuptial agreements are legally binding contracts between two people who are engaged to be married that define in advance what each party’s rights and obligations are with respect to the split of premarital property and other issues in the unfortunate event of a future divorce.
Prenuptial agreements are most often recommended to individuals who are bringing significant assets into a marriage, but they can also be a good idea in certain circumstances for couples who do not possess significant wealth.
For example, if you have children from a previous marriage, you may choose to create a prenuptial agreement to ensure that your children will inherit certain assets in the event of your death rather than have your surviving spouse receive all of your assets.
The experienced legal team at Arnel Law Firm in Brooklyn, New York, can answer your questions regarding prenuptial agreements and explain the multitude of reasons to establish one. We can also assist with postnuptial agreements, which are similar.
What Premarital Agreements Can Address
Mr. Arnel has practiced family law for more than 30 years. His previous career as a certified public accountant means he has insights into financial matters, including investments and business ownership, which many family law lawyers do not possess. This is particularly advantageous when sorting through the intricacies of prenuptial agreements.
A prenuptial agreement can address several matters, including:
- Division of assets in the event you decide to end your marriage
- How finances and assets will be handled during the marriage
- Spousal support terms
- Any business ownership issues
- The handling of gifts, inheritances or trusts
- Benefits, disability and insurance coverage
Protecting Your Financial Interests Is Our Top Priority
Prenuptial agreements are challenging and require precise drafting by an experienced attorney. We take great care in creating personalized documents that will hold up in court if challenged.
Our firm insists on representing only one individual when drawing up a prenuptial agreement. Your partner should have legal representation as well. This limits the opportunities for either spouse to challenge the premarital agreement by claiming he or she was deprived of the ability to have counsel or did not understand the documents being signed, or signed under fraud, coercion or duress. We want your prenuptial agreement to be bulletproof.
We have successfully challenged prenuptial agreements that were poorly drafted or improperly executed by other lawyers, resulting in much larger property awards and more spousal support for our clients.
If you have questions about why prenuptial agreements make sense for you, or if you want to know more about what to include in a prenuptial agreement, call 347-966-7378 or 866-625-6348 or use our contact form to schedule a free consultation with our Brooklyn prenuptial agreement attorneys.