Why Prenuptial Agreements in New York are Useful
High-profile, celebrity divorces often put the issue of prenuptial agreements on the front pages of newspapers. However, these straightforward contracts aren't just for the wealthy. Prenuptial agreements in New York are actually ideal for couples of all financial backgrounds. Contact the Sabra Law Group to learn about how a prenuptial agreement might benefit you.
Many people have an instinctive, negative reaction to prenuptial agreements. They think that these documents take the romance out of their love story. Even worse, they think that the suggestion of a prenuptial agreement is the same thing as saying that they have no confidence that the marriage will stand the test of time.
While prenuptial agreements in New York are certainly a practical consideration rather than a romantic one, there are several reasons why it makes sense to have one drafted. Above all, marriage is a partnership in all things, which encompasses the romantic and the financial (just ask anyone who has gone through a divorce!). It's smart to make plans for the benefit of both partners.
In the event that the marriage does eventually come to an end, a prenuptial agreement can be the key to less acrimonious proceedings. When a couple decides to part ways, they often end up in a bitter, contentious battle that thoroughly sours them on their ex-spouse and marriage in general. A prenuptial agreement ensures a smooth process because many of the most hard-fought issues have already been decided.
Prenuptial agreements also cause couples to be up front about their true financial situation and their aspirations for the future before they get married. In the romantic rush of the engagement, practical considerations get swept aside. One partner forgets to mention their $50,000 in student loan debt while the other fails to disclose their $10,000 in credit card debt. A prenuptial agreement can define who is responsible for those debts in the event of a divorce as well as specifying which assets will be divided.
Prenuptial agreements can make sense for nearly any couple. However, they may be most beneficial for people entering a second marriage who have children from a prior union. The contract can spell out the children's right to inherit in the event of the death of one of the partners.
Call the Sabra Law Group at 646-472-7971 to find out more about the advantages of prenuptial agreements in New York.