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Prenuptial Agreements

Somerset County Prenuptial Agreement Services

Comprehensive Premarital Agreement Solutions for Morris, Union, Middlesex, and Essex Counties

A premarital agreement, also known as a prenuptial or postnuptial agreement, allows a couple to define their rights and obligations on a variety of financial matters that will arise in their marriage or in the event the couple separates or divorces. When drafted legally, these agreements can help a couple save time, energy, and money if they must face separation or divorce. Additionally, many marital issues that couples quarrel over during a divorce can be addressed beforehand in a prenuptial agreement, meaning the couple can avoid the stressful process of needing to appear in court to resolve their differences.

Key Components of a Prenuptial Agreement

A prenuptial or postnuptial agreement may contain but is not limited to the following matters:

  • Both spouses’ rights and obligations to joint and separate property
  • Which spouse has the right to buy, sell, use, manage, exchange, transfer, lease, and/or dispose of property
  • How the division of property will be taken care of in the event of separation, divorce, and/or death
  • Whether spousal support will be necessary
  • Details regarding the making of a will or trust
  • Any other matter, including personal rights and obligations, as in accordance with the law

Prenuptial vs. Postnuptial Agreements: Understanding the Differences

A prenuptial agreement is created before a couple gets married. It details how both parties would like to take care of their finances, including asset division, in the event of divorce, separation, or death.

A postnuptial agreement is entered into after a couple is married. When you sign into a postnuptial agreement you and your spouse’s assets become marital property, which is a topic you will need to address in your agreement.

Reasons to Consider a Prenuptial Agreement

There are many reasons why you would want to obtain a prenuptial agreement, especially if you are entering a marriage with significant assets of your own. Additional reasons why you may want your spouse to sign a prenuptial agreement include:

  • Protect yourself from being held liable for any debt your spouse brought into the marriage
  • Protect any income or assets you earn while married
  • Determine if your spouse will get any of your estate in the event of your death
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