Though getting a prenuptial agreement may not be the most romantic thing to do after you and your significant other get engaged, for those individuals who have a fair amount of money prior to their union, you may want to consider doing just that. While we obviously don’t marry with the intent of breaking up in the future, with the divorce rate at nearly 50 percent, the likelihood of you and your spouse parting ways in the future is possible.
For this reason, a prenuptial agreement is going o protect you and your assets from being unfairly taken in the even to a divorce. When you and your spouse decide to divorce, the financial repercussions that may arise can be extensive, and flat out complicating to address. Especially when couples decide to end their marriage year after they married, the more likely they are to have fused their property and assets together through various purchases, moves and such, over time.
If you and your fiancé drafted a prenuptial agreement, you would have the freedom to properly lay out whose property belongs to whom, and determine what will happen to it in the event of a divorce. Some may decide that they want to keep the property fully to themselves, while others may decide that even if there is a divorce, they want to help out their spouse with their property. Either way, by choosing to establish tis contract prior to marriage, you will have less biased viewpoints of the relationship in comparison to doing so in the heat of your arguments and frustrations down the road.
Learn more about prenuptial agreements and contracts by calling a Long Island divorce attorney at the Meyers Law Group, today! Our firm is equipped to help you walk through your various marital and divorce contracts, contact us for more details.