Family Law: Prenuptial agreements
Prenuptial agreements, also referred to as premarital agreements in New Jersey, are an effective way to secure your assets and financial interests when you plan on getting married. It is no longer just a way for wealthy people to protect their assets anymore; instead, prenups are becoming more and more commonplace. These agreements are a way for the couple to set out obligations and responsibilities in the event of a divorce later. It is especially recommended for individuals who have significant assets to protect or children from a prior marriage to care for.
If you are thinking about getting a prenuptial agreement, it is advised to consult an attorney. A prenup will require you to disclose all information about your income and assets. The parties involved can discuss and negotiate the terms they both deem necessary to be included in the agreement.
A prenuptial agreement is a written agreement that has to be entered into voluntarily and needs to be signed by both the parties. Neither party should be coerced into the agreement. The couple should be well informed of the terms of the agreements as well as the financial situation of each other. Each party is free to confer with their attorneys to obtain legal counsel. A prenuptial agreement can only be enforced if signed before the wedding. Failure to meet these criteria, the prenuptial agreement can be deemed invalid by a New Jersey court.
A prenuptial agreement allows you to avoid any conflicts during the divorce. As the terms have already been discussed and agreed upon, it makes the settlement quick and easy. But bear in mind that a prenuptial agreement is not ironclad and can be disputed or attacked in the court based on various circumstances.
Contact our New Jersey family law attorneys at Bhuchar Law Firm to discuss your situation and ensure that your assets and family are protected. They will help you draft an agreement that is in your best interest. If you have any questions or concerns, they are more than willing to provide you with the answers.