A New York Prenup Lawyer Shares Why More Middle-Class People Are Getting Prenups
Prenups are no longer just for high net-worth individuals and Hollywood celebrities. People are coming to the realization that a marriage may not always be “happily ever after.” This is why New Yorkers are getting more serious about protecting their future. The reality is that no one wants to think about getting divorced when they are getting married, however; it is important to be prepared “just in case” things don’t go as planned. Prenuptial agreements are becoming more mainstream because people are understanding the importance of protecting their future. Whether they want to protect their beloved pet, the family business, their assets, their children, or their family inheritance. If you are confused about if a prenup is right for your personal situation, it is best to consult a New York prenup lawyer who can guide you based on your unique situation.
What is a Prenuptial Agreement and What Should it Include?
A prenuptial agreement (aka a prenup) is a legally binding document that a couple signs prior to getting married that dictates how they will divide their assets, debts, real estate properties, and even pets, in the event of a divorce.
A prenup agreement should include both assets and debts that each person is bringing into the marriage. The prenup agreement should outline how certain assets and debts should be divided up if the couple ends up divorcing.
A knowledgeable New York prenuptial agreement lawyer can guide you on how to best set up a prenup agreement based on what factors are most important to you. Your prenup attorney can also inform you of any change in New York laws that may impact you.
New York Millennials and Middle-Class Couples Are Safeguarding Their Future
More and more millennials are opting for getting a prenup agreement before saying there are vows. These millennials may be middle-class or upper-middle-class professionals and entrepreneurs and they are concerned with not losing everything they have worked so hard to build up. Because they were not born into a wealthy family, they want to make sure that they protect themselves and their assets in case their marriage must end unexpectedly.
Prenups are not only there to protect the wealthy spouse, but they are also there to protect the less well-off spouse as well. What goes into your prenuptial agreement and how it is outlined is imperative to having a solid prenup agreement. A knowledgeable New York prenup attorney can help you determine what needs to go in a prenup agreement to protect you and your future.
Once You Decide You Want a Prenup How Do You Have That Talk with Your Future Spouse
The best way to approach your spouse about a prenup agreement is to ask them first what their thoughts are about financial matters related to being married. Then you can open the conversation by further asking if they have any concerns about their financial future if the marriage were to end. By having an open and honest discussion with your future spouse you can see where their head is at, and you can also let them know how you're feeling. After all, a marriage is a partnership, and you should be able to speak to your partner openly about getting a prenup agreement. Ultimately, it shows that you are looking out for both of your interests.
Why You Should be Completely Honest and Open About Your Assets and Liabilities
If you fail to disclose the details of your total assets and liabilities it can later be used against you in court. It is best to be upfront with your New York prenup attorney so that they can help you structure a prenup agreement that is best designed to protect you and your spouse.
Wondering if a Prenup is Right for You?
Contact Sabra Law Group today at (646) 472-7971 to schedule a private and confidential consultation with a New York prenup lawyer and safeguard your future.