A prenuptial agreement is a document created in order to protect your and your partner’s assets. There is a stigma surrounding prenups, but in reality, this agreement can greatly benefit both parties. It is important to note that a prenuptial agreement does not imply a lack of trust or an impending divorce. Read on to learn more about prenuptial agreements, how they can help you, and how to create one in New Jersey.
What are the Benefits of a Prenuptial Agreement?
People choose to create prenuptial agreements for a variety of different reasons. Some of the main reasons include:
- Prenuptial agreements in New Jersey allow couples to join or separate property either during their marriage or after they get divorced.
- Prenuptial agreements can determine how you will handle life insurance policies in the event of a divorce.
- Couples can determine a future alimony agreement, should they ever get a divorce.
- Prenuptial agreements allow couples to decide on who will get what assets in the event of a divorce.
Importantly, creating a prenuptial agreement allows you and your partner to get some uncomfortable financial conversations out of the way before your wedding, rather than after. This ensures that you are both on the same page and you can enter your future together feeling safe, secure, and confident.
What Makes a Prenup Valid in New Jersey?
It is important that your prenuptial agreement meets the following requirements:
- They must be in writing.
- They must be notarized.
- They must be executed before your marriage.
- You and your partner must disclose each of your assets in the agreement.
- Prenuptial agreements must always be fair and just to both parties, with no evidence of manipulation or deceit.
If your prenuptial agreement is not found valid during a divorce, you can run into a lot of legal trouble. This can lead to a long and expensive litigation process that may have otherwise been avoided. Additionally, you can lose some of the assets you may have gotten to keep had your prenup been valid. To ensure that you are creating and filing your agreement correctly, you should work with an experienced family law attorney.
Contact our firm for more information regarding prenuptial agreements in New Jersey. Our firm is here to walk you through all of your family law matters. Reach out to speak with an experienced attorney today.
Contact our experienced Red Bank firm
Our firm proudly represents clients in New Jersey who are faced with matters of family law, criminal defense, business law, real estate law, or estate planning. If you require strong and dedicated representation for any of your legal matters, please do not hesitate to contact The Law Offices of George J. Mardinly to schedule a consultation.