Manhattan Prenuptial Attorneys
When a couple is deeply in love and is planning to get married, it is reasonable that they would expect to spend the rest of their lives together in wedded bliss. However, approximately half of marriages end in divorce, and this is a commonly-known statistic that may linger in the back of your mind as you prepare for your wedding day. The reality is that most people who tie the knot have no inclination of their marriage becoming a statistic, but there is a significant chance that it could be. Through the process of a divorce, the couple’s marital assets will be divided. The custody of children from the marriage will be decided. The couple’s lifestyle, combined income and other factors will also be affected. It can be difficult to imagine how disruptive and stressful a divorce can be before you actually experience it, but you can diminish the stress of this potential event by preparing for it with a prenuptial agreement. An attorney who specializes in prenuptial agreements in Manhattan can help you to draft this document or can help you to review and negotiate the document if one has been presented to you by the other party. These terms can be difficult to adjust after the document has been signed, so it is best to be comfortable with all terms before signing it.
Many people assume that a prenuptial agreement is only relevant to those who have a high income level and significant assets at the time of the marriage. While a prenup agreement can be beneficial for these individuals, it can also be beneficial and protective for many others. For example, a couple that has little to no assets at the time of the marriage may accumulate a sizable combined net worth. Marital debt may also be a factor. The division of assets and debts as well as child custody, spousal support payments and more can all be planned out ahead of time in a prenup. This document provides the legal backbone that essentially protects both parties in various ways. It can reduce the amount of stress that you may feel while going through a divorce and may position you to enjoy the best possible outcome after a divorce. Keep in mind that many prenuptial agreements have a special clause related to a marriage ending because of adultery, any type of abuse and other factors. For example, a cheating spouse may stand to lose most marital assets if the terms of the prenuptial agreement dictate state this.
Some Manhattan area couples who are preparing for a wedding ceremony will hire one attorney to draft a prenup agreement, but this is not a smart idea. An attorney can only represent one individual rather than the couple. When one individual contacts an attorney to draft an agreement, the other individual should seek his or her own representation. The second prenuptial agreement attorney can review the document to ensure that his or her own client’s interests are protected in the agreement. Negotiations between the two attorneys may be needed before the document’s terms can be finalized.
Some prenuptial agreement attorneys in the Manhattan area only prepare these agreements, but many will also help you to understand the terms down the road in the event you do decide to end your marriage. Keep in mind that specific circumstances, such as adultery, can invoke the terms of specific clauses. Your attorney will help you to determine how different circumstances in the marriage are related to the agreement and what your specific rights are. Some people will consult with an attorney about their options and rights before deciding to file for divorce.
You can see that a prenuptial agreement makes the outcome of a divorce case more well-known and apparent before the final ruling than it otherwise would be. Everything from where you will live and who your children will spend time with to your income level, your net worth and more may be determined by a prenup. Without a prenup, each of these factors is up in the air. If you are planning a wedding, include a consultation with a prenup agreement attorney in Manhattan in your premarital efforts.
May 17, 2018
Spodek Law is a great firm. They are super pragmatic