When deciding that you want to propose, you may not spend much time thinking about the potential fallout from a divorce. Although it is uncomfortable, it can be beneficial for both parties in certain situations. In essence, that is precisely what prenups are for. At Simonetti & Associates, our Long Island divorce Esq. will inform you about prenups and how it can be helpful.
What Is A Prenup?
A prenup, short for a prenuptial agreement, is a written contract signed by both spouses before marriage. When two people get married, they can bring various amounts of assets and debt with them. To avoid the lengthy process of dividing these up should a divorce occur, our Long Island divorce Esq. will draft a prenup that will dictate exactly how they will be dispersed.
Who Needs A Prenup?
As previously stated, most people don’t enter into a marriage thinking about what will happen if they get divorced. However, doing so can keep you financially protected, no matter how uncomfortable it may be. While people think that prenups are solely for the rich, that is not the case. Our Long Island divorce Esq. would like to provide some examples of who could use a prenup:
- Those who are bringing considerable amounts of debt into the marriage.
- If you are entering into a marriage with a partner that has children from a previous marriage.
- People who are expecting a large sum of inheritance in the future.
- Someone who owns a business or a substantial amount of property.
Benefits Of A Prenuptial Agreement
Before making an ironclad decision about whether or not to get a prenup, you may be wondering about the benefits of doing so. Our Long Island divorce Esq. has the answer to this question. The benefits of getting a prenuptial agreement include:
- Preventing a lengthy and drawn-out divorce process.
- Avoiding the state dividing up your property.
- Protecting yourself from debt that your ex-spouse brought into the marriage.
- Ensure any inheritance you were entitled to remains yours.
- Having all family assets stay within the family.
Contact Our Long Island Divorce Esq.
Don’t let the rose-colored glasses you wear during the honeymoon phase of a relationship blind you to any potential red flags. If you want to keep your assets protected, our team at Simonetti & Associates highly recommends signing a prenup before marriage. To get this process started, be sure to contact our Long Island divorce Esq. right away.