Thousands of couples choose to secure their relationship with marriage, but only some decide to sign a prenuptial agreement before the big day.
From the team at The Law Office of Blake W. Rush, here’s what you need to know about prenuptial agreements in New Jersey if you plan to get married soon:
What is a Prenuptial Agreement?
A prenuptial agreement, also referred to as a prenup, is a legal contract you and your partner agree to sign before legally getting married, stating what exactly will happen to the finances and assets (while you are married) in the event of a divorce. As well, when setting up a prenup, you and your future spouse have the opportunity to understand what legal rights you obtain and lose when you’re married.
In the prenuptial agreement, you will list the various assets and debts each individual has and then specify what each person’s rights are to those properties in the event the marriage ends.
Some of these assets include:
- Homes and other real estate
- Investment accounts
- Business assets
- Foreign assets
- And more
When To Get a Prenuptial Agreement in New Jersey
Someone should consider getting a prenuptial agreement in New Jersey with their future spouse if there are significant assets they wish to protect. Some of the situations where prenups are recommended include:
- If you were previously married
- If you have children from a prior relationship
- If you are the beneficiary of a trust
- If you own a business
- If you anticipate inheriting or receiving a significant inheritance
- If you have significantly more assets than your partner
- If you earn significantly more income than your partner
- If your partner has a substantial amount of debts
- If you have concerns about your privacy
Couples who choose to get a prenuptial agreement in New Jersey typically find themselves litigating and debating in court during a divorce far less than those who forgo a prenup. Legally predetermining how each partner’s assets will be divided or kept before the marriage can prevent lengthy, expensive, and difficult legal battles.
Contact our office today for a consultation to learn more about prenuptial agreements!
If you are looking to set up a prenuptial agreement with your future spouse, our team can help. Here at the Law Office of Blake W. Rush, we proudly represent our clients with all family law matters throughout New Jersey and Pennsylvania.
Give us a call at (903) 713-9800 or visit our website to contact us and learn more about how we can help you.