More New York couples are seeing the benefits of prenuptial agreements these days, but these documents are only as powerful as what you put in them. When done properly, a prenuptial agreement can help prepare you for the future and outline concerns that are most important for you and your life together.
Under the guidance of a Scarsdale family law attorney, your prenuptial agreement can address almost anything. Some of the most common issues that appear in prenuptial agreements include the waiving of alimony or other support or specific requests which deal with the default rule in community property.
Agreements can be especially beneficial when you and your future spouse are linked to any of the following factors:
- Owning part of all of a business
- Expect to receive an inheritance in the future
- One or both partners have assets already like retirement funds or a home
- There are children from a previous marriage
- One partner expects to support the other through an educational endeavor
- One of you has significantly more assets than the other
In order to accomplish the drafting of such document, you’ll need to carefully consider all of the factors listed above and consult with a New York family law attorney. Depending on your needs, you may need to add wording and guidelines that specifically addresses your situation.
Although it’s not easy to have a conversation about the importance of prenuptial agreements, it can be a valuable one that helps you and your spouse discuss critical financial issues and long-term plans.
Putting together a prenuptial agreement can be very prudent planning, even if it’s difficult to bring up the subject with your future spouse. Gaining more awareness about family and financial concerns can be a very valuable exercise for you.