When one spouse or both decide to enter into a nuptial agreement, whether a pre-nup or a post-nup, they may have a variety of reasons for choosing to do so. Below, we outline some of the more common reasons people choose to sign nuptial agreements when getting married or after they are married:
§ People may have a home or assets that they would like to protect, like a retirement fund or property.
§ People may own businesses and may wish to protect those businesses in the event of a divorce.
§ People may have children from prior marriages that they wish to protect financially.
§ People may experience a drastic change in their earned income and may want to protect their newly acquired wealth.
§ People may be exploring a lucrative career and wish to safeguard income generated from their profession.
Thinking about drafting a nuptial agreement? If so, contact our firm to speak with a Long Island family lawyer.