New Jersey Family Law Blog
Modern Concepts for Prenuptial Agreements
We have now written several times about the many advantages a prenuptial agreement can offer a soon-to-be-married couple. However, in the last few years, more and more prenuptial agreements are being created which address much more modern issues than traditional prenuptial agreements have typically addressed.
If you are considering entering into a Morris County prenuptial agreement with your soon-to-be spouse, here are a few things which might make sense for you to include in your prenuptial agreement:
Intellectual Property Prenuptial Agreement Attorneys Morristown
Intellectual property is a relatively new legal concept, and refers to the ownership of non-material things. In today’s world, intellectual property can mean things like YouTube, Twitch.tv and blogging accounts.
If you or your soon-to-be spouse makes a living or even a part-time income by producing content on any of these venues, you may wish to protect your ownership of these properties through a prenuptial agreement. As surprising as it may be to some, creating YouTube and Twitch.tv content can be extremely lucrative, and without a prenuptial in place protecting these intellectual properties, they may be subject to equitable distribution in the event of a divorce.
Pet Custody Prenuptial Agreement Lawyers Randolph, NJ
As silly as it may sound to some, to many others the custody of a family pet can be an extremely important divorce issue. For example, many people may not realize that even though they take care of a family pet and have formed a loving bond with a cat, dog, bird, etc., the person who originally purchased the pet will most likely retain custody of that pet in the event the couple should divorce.
By creating a plan for pet custody as part of your prenuptial agreement, you and your future spouse can avoid what is fast becoming one of the most expensive issues commonly litigated during divorce, that of pet custody.
Student Loans Prenuptial Agreement Attorneys Florham Park, NJ
Another emerging aspect of modern prenuptial agreements is that of the inclusion of student loan debt. When it comes to dividing marital debt during divorce, things can get a bit tricky, to say the least.
This is because many loan agencies are not bound by court orders, meaning even if your spouse agrees to pay for a portion of your marital debt in exchange for some other concession, you yourself may still be held liable for that debt by credit agencies. Considering the cost of secondary education in the United States, if you or your future partner are bringing student loans into a marriage, you may want to plan for the division and payment of these loans in a prenuptial agreement.
Social Media Prenuptial Agreement Lawyers East Hanover, NJ
The proliferation and use of social media networks are also playing a large role during divorce proceedings in New Jersey. Posts on Facebook, LinkedIn, Twitter, Instagram, etc. during a divorce can negatively impact the divorce proceedings in many different ways, including alienating a partner, or causing potentially reduced settlements in the areas of alimony, child custody and visitation.
However, a prenuptial agreement can allow couples to outline terms regarding what can and can’t, in the event of a divorce, be posted on social media accounts. Couples can define social media use to the last detail, including comments, pictures, thoughts, or even posting at all.
Stay-At-Home Parenting and Alimony Attorneys Madison, NJ
Finally, if one spouse or the other makes the choice to be a “stay-at-home” parent, thereby sacrificing their career and money making opportunities, a prenuptial agreement can include specific terms regarding what kind of reimbursement (usually in the form of alimony) that person can expect in the event the marriage comes to an end.
This allows for the definition of specific types of alimony, namely limited duration alimony and reimbursement alimony. By having a prenuptial agreement already in place which addresses alimony, couples can avoid costly, stressful and time-consuming litigation in the event of a divorce.
Contact Our Morris County Marital Agreement Lawyers Today
At Jacobs Berger, our attorneys have extensive experience helping clients to draft, modify, enforce, and contest fair and accurate marital agreements and prenuptial agreements in towns across New Jersey and Morris County including Madison, Morristown, Randolph, Florham Park, East Hanover, Denville, Dover, Mt. Olive, and more.
To speak with our legal team today in a comprehensive and confidential consultation regarding your prenuptial agreement, postnuptial agreement, or non-marital agreement, please contact us online, or through our Morristown, NJ office at (973) 718-7705.