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Benefits of a Prenuptial/Postnuptial Agreement

Benefits of a Prenuptial/Postnuptial Agreement

Posted By Meyers Law Group || 5-Apr-2010

If you are planning to get married, you and your fiancé should consider speaking with an attorney at our firm about drafting a prenuptial or postnuptial agreement. Prenuptial and postnuptial agreements serve the exact same purpose, the only difference being that prenuptial agreements are filed before a couple gets married while a postnuptial agreement is created and filed after the marriage.

What is a Prenuptial/Postnuptial Agreement?

Prenuptial and postnuptial agreements are legal documents that clearly define how the couple's assets will be divided or handled in the event of a divorce. Through a prenuptial or postnuptial agreement, a couple has the opportunity to protect both their marital and separate assets from New York property division laws.

There are many benefits to having an enforceable prenuptial/postnuptial agreement on file. First and foremost, these agreements eliminate the need to discuss division of property during the divorce. In the long run, this can save the couple a great deal of time and money. Property division is one of the most difficult issues to resolve in a divorce, which can easily get prolonged when the parties are unable to reach a mutual decision. And because property division has already been pre-determined, these agreements also help eliminate unnecessary fighting and tension.

Through a prenuptial or postnuptial agreement, a couple can also indicate how they'd like other family law issues handled in the event of a divorce, such as child support, child custody, and spousal support. Again, including instructions for how each of these issues should be resolved will eliminate fighting or contested litigation in the future, which again will save the parties both time and money.

If you are interested in learning more about drafting a prenuptial or postnuptial agreement, please contact Meyers Law Group at (631) 784-7722 today to arrange a consultation with a Long Island family law attorney at the firm!