Divorce Lawyers Before Marriage: Three Reasons For A NY prenup lawyer
While it is not always fun to talk about during an impending marriage, prenuptial agreements are often a very important part of a relationship. This is especially true if one or both of you own a large amount of property, money, or other investments. Divorce lawyers fight battles every day for couples who failed to sign this document.
While any good attorney can draw this up for you, divorce lawyers are actually some of the best people to speak with. NY prenup lawyer know all the details and can ensure you have an ironclad agreement in place.
The following are some instances in which you may need to consider a prenup
Protect Property You Owned Before Marriage
Once you enter into a marriage owning a significant amount of property, you need to be aware that your spouse is now entitled to a portion of that property should the two of you end your relationship. If your assets are a large part of your net worth and you want to remain protected, you should consider entering into a prenuptial agreement.
Unless you both sign this document, you could end up giving at least half of your assets to your former spouse if you choose to divorce. Many states are community property states and will automatically give half of your property, money, and investments to your ex-spouse upon divorce unless a prenup has been signed.
Reduce the Chances of Being Responsible for Prior Debt
There are many instances in which one person brings a large amount of debt into the relationship. Your spouse's problem can become your problem as well once you sign a marriage license. While you aren't solely responsible for paying those debts, creditors will come after your jointly owned property if those debts enter into default.
A prenuptial agreement drawn up by prenup attorney New York can prevent this from happening. You can declare which assets are specifically your property and separate them from the family assets. This will keep any creditors from attempting to collect from your spouse by using your personal property.
The Future Spouse Pays Child Support
This document can actually protect you during your marriage as well as at the dissolution of it. A prenup attorney NYC is very helpful when you are marrying someone who has children from another relationship. While it is your partner's responsibility to pay his or her child support, the other parent can potentially come after your assets should your spouse fail to pay. Also, many states require an amendment to the child support arrangement once one of the parents remarries. It often requires you to declare your income in order to increase the amount of child support paid to the other parent.
Manhattan postnup lawyer is often experts in prenuptial agreements. These documents are ideal to have in place in order to protect yourself financially. Be sure to find an experienced Manhattan prenuptial agreement lawyer that will fully explain all of the benefits of having this document in place and ready to go when you enter into marriage.
