New Jersey Family Law Blog
The Advantages of Creating a Prenuptial Agreement
Many soon-to-be married individuals are hesitant to bring up the idea of a prenuptial agreement to their future spouse. It can be difficult to think about or raise the possibility of divorce before you are even married, but surprisingly to many, discussing and signing a prenuptial agreement can actually strengthen your future marriage for many different reasons!
In today’s article, we will discuss the many ways prenuptial agreements can help new couples to create a more secure, communicative and ultimately protected marriage and future.
“Prenuptial Agreements Help Create Confidence in Your Marriage”
Florham Park Prenuptial Agreement Lawyers
Contrary to common perception, discussing and signing a prenuptial agreement can actually help to strengthen a marriage, rather than result in argument and tension. As a married couple, you will have to face many different challenges and obstacles throughout your lives, and it is important that you learn to communicate and discuss complicated and sensitive matters.
By doing exactly this with a prenuptial agreement, you and your future spouse can both feel confident you have the ability to work through complex issues, and find ways for you both to feel secure in moving forward with your relationship.
“Protecting Individual Assets”
Denville Prenuptial Agreement Attorneys
Beyond creating a more communicative relationship, prenuptial agreements are a great way for parties to more clearly define individual and marital assets before entering into the financially co-mingled relationship of marriage.
Assets like small businesses, properties, investments, and more, may become “co-mingled” as a marriage progresses, meaning they will have to be equitably divided in the event the marriage ends in divorce. Dividing things like privately owned businesses, real estate holdings, and investments can often result in a severe loss of their value and tax penalties, not to mention a great deal of stress, time, and money in deciding exactly how to divide these financially complex assets.
By protecting assets individually owned prior to a marriage in a prenuptial agreement, each party entering into the marriage can feel confident in the knowledge that the things they have worked so hard to achieve will not be destroyed or devalued in the event their marriage comes to an end. This confidence alone can often lead to a much more positive and successful marriage than if the couple had not raised the potentially difficult topic of a prenuptial agreement in the first place.
“Creating a Plan for the Future”
Division of Asset Lawyers Madison, NJ
Finally, while New Jersey has one of the lowest divorce rates in the country, the unfortunate truth is that many NJ marriages still end in divorce. And while there are certainly less expensive and less litigious options when it comes to resolving a divorce such as negotiation or mediation, the division of marital assets can often be one of the most difficult and contentious issues to resolve during any divorce, leading to a great deal of stress and expense, regardless of the chosen method of resolution.
However, couples can create a plan for marital asset division within their prenuptial agreement, thereby saving themselves a great deal of potential stress and expense down the road. Further, similar to our other points, the mere fact that you and your spouse have a plan in place for this contingency can often lead to a much healthier and more secure marriage, as each party knows that their financial future is accounted for and protected, no matter what happens.
Contact Our Morris County Marital Agreement Attorneys Today
At Jacobs Berger, our attorneys have extensive experience drafting, modifying, and contesting marital agreements of all kinds for clients in towns across New Jersey and Morris County, including Florham Park, Denville, Madison, East Hanover, Mt. Olive, Randolph, Morris Plains, Morris Township, and Morristown.
Whether you are seeking to sign, modify, or contest a prenuptial agreement, postnuptial agreement, or a non-marital agreement, the unique approach of our law firm is ideally suited to helping you and your family create a foundation for success, both emotionally and financially. By focusing on the long-term stability of you, your children, and your co-parent, we are able to find creative and unique solutions to family law and divorce matters of all kinds, including any issues related to a marital and prenuptial agreement.
To speak with our legal team today in a comprehensive and confidential case assessment regarding a prenuptial agreement or any other kind of marital agreement, and how exactly our attorneys can help you to protect and account for you and your family’s futures, please contact us online, or through our Morristown, NJ office at (973) 718-7705.