Should I Get a Prenup? 3 Ways to Decide
If you are planning on marrying the love of your life, you may be considering whether a prenup, or prenuptial agreement, is necessary. These legal agreements are put in place to safeguard your assets from a prospective spouse in the event of divorce.
According to the American Academy of Matrimonial Lawyers, more than half of family law attorneys report a significant increase in the number of prenuptial agreements. In other words, if you are wondering whether you should get a prenup, you are not alone. Let’s take a quick look at whether a prenuptial agreement makes sense for your unique situation.
Are You Looking for a way to Protect Your Hard-earned Assets?
If you have savings, investments, real estate, or other items of value, you should give serious consideration to establishing a prenup prior to marriage. Meet with our New Jersey family law attorneys, and we will custom-tailor a prenup that identifies each spouse’s assets so those assets can be retained as individual property if a divorce occurs.
You shouldn’t rely on a judge to safeguard your hard-earned assets. If you end up divorcing, there is a good chance a judge will rule that your assets are mutually held property, resulting in your ex-husband or ex-wife receiving half of your assets. Opting for a prenuptial agreement with the help of our Somerville attorneys can set clear boundaries to establish which assets are your own, as opposed to those that are mutually held.
A Prenup Helps You Avoid the Absorption of Your Spouse’s Debt
If your future spouse has accumulated debt or plans on taking out a line of credit or student loan, you are likely wondering whether this merits a prenup. If you divorce, there is a chance a judge will rule that you are responsible for your spouse’s car note, tax lien, credit card debt, student loans, and other financial commitments. Lean on our Morristown family law attorneys to craft a prenuptial agreement unique to your marriage, and strict rules will be established to keep personal debt with the individual responsible for the financial obligation.
Should I get a Prenup When my Spouse has one or Several Children from Another Relationship?
Nowadays, it is not uncommon for adults to have one or multiple children from a prior relationship. However, you should not have to pay to raise kids that your spouse brought into this world before meeting you. Our New Jersey family law attorneys are here to create a prenup that establishes specific rules regarding how child support will be used for kids from a prior relationship. Furthermore, if you have one or more children from a prior relationship, a prenup will establish the specific assets that will be set aside for your kids. This way, your new spouse will not be able to lay claim to assets designated for your kids from another relationship.
Schedule a Consultation with the Attorneys at Lyons & Associates
Our legal team is here to help you determine if you need a prenuptial agreement. If it is determined that establishing a prenup is prudent for your specific situation, we will draft this important legal document on your behalf. Our New Jersey family law attorneys tailor the nuances of each prenup to the needs and desires of each specific client.
The bottom line is, if you are pondering the question, “Should I get a prenup?”, you can likely benefit from one. Our New Jersey family law attorney is here to establish your prenup, help with divorce, adoption, domestic disputes, and other legal matters. Contact us today to schedule a free, no-obligation consultation. You can reach Lyons & Associates, P.C. by dialing (908) 575-9777. If you prefer to reach us on the web, fill out our online contact form, and we will be in touch at our earliest convenience.