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Don't Want a Prenup? But You've Already Got One

While you and your future spouse are planning your futures together and working out the details of your wedding, a prenuptial agreement is one of the most unromantic topics you could possibly bring up. But the fact of the matter is, you essentially have a prenup already. If you imagine it this way, New York's divorce laws have already laid out a prenup for you. Is that the prenup you want to be stuck with, or do you and your fiancé need a better one?A prenup is much like a will. If someone dies "intestate", that is without a will, then the state laws dictate to whom all assets will go, regardless of the true wishes of the decedent and their loved ones. Without a prenuptial agreement, you could be at the mercy of New York law.

For instance, let's say you have some artwork that has high financial and emotional value. These are at jeopardy in a divorce, as marital property is up for grabs during property division. But in a prenuptial agreement, you could stipulate that those pieces of art should be designated as your separate property, and thus safe from the division of assets in a divorce. If you are a business owner, think of the stakes then. A prenup could shield your years of labor and planning from whatever comes in life. But perhaps you already knew that a prenup could protect your assets. The things, these agreements can do more than that.

If you think about it, a prenup could actually strengthen your marriage. One of the top reasons for marital strife? Money issues. If you and your fiancé can square away a lot of these issues, and start this dialogue going into the marriage, you could evade needless headache and troubles. So whether it's simply making sure you two are on the same financial page, or whether it's examining New York's laws to see if you need better arrangement, you can start that conversation today with the guidance of an experienced Long Island family lawyer. Don't hesitate to call us today to learn more about the benefits of a prenup.

Already married? You can create a postnuptial agreement. Learn how when you contact the Meyers Law Group, P.C. today!