When you and your fiance are nearing your wedding date, you may be excited about the festivities. Not only will you be legally married, but you’ll celebrate with your loved ones. While picking out centerpieces and tasting cake, you may wonder about prenuptial agreements. However, you may have only heard the myths about prenuptial agreements, leading you to disregard them. Unfortunately, this may be a mistake. If you’re getting married, the following blog explores the common misconceptions about these documents and why you need New Jersey prenuptial agreement attorneys to help you create one.
What Is a Prenuptial Agreement?
With an estimated 50% of marriages ending in divorce, this is an unfortunate and common occurrence for many couples. As the divorce process can be long and overwhelming, determining property division beforehand can make this less stressful.
A prenuptial agreement is a legally binding contract that a couple will create before they are legally married. This details how they will divide their property in the event of a divorce and what support options they will adhere to. Generally, this is used to protect each spouse’s property and earnings, as most assets obtained during a marriage are considered community property and are subject to distribution between each party.
What Are the Most Common Myths About Prenuptial Agreements?
Unfortunately, there are many misconceptions about prenups, causing many to disregard them without understanding their many benefits.
One of the most common myths is that only famous or wealthy couples can benefit from these documents. This is untrue, as everyone regardless of their income, can receive benefits from a prenup. These contracts serve to protect the assets of each party, meaning you can rest assured that your assets will be shielded under the agreement should you divorce.
Another thing many assume is that only couples who are doomed to fail establish prenups. After all, it may seem like there are underlying issues if the couple discusses divorce before getting married. However, this couldn’t be further from the truth. In reality, when a couple discusses a prenup, it indicates they have strong communication abilities. It also provides peace of mind that each party understands what their finances would be like in the event they divorce. Prenups can also help couples avoid arguments about money, which are often a cause of tension for many married partners.
If I Want to Create One, What Should I Do?
If you and your fiance have discussed and decided that a prenuptial agreement is right for your needs, you’ll want to contact an experienced attorney as soon as possible. Unfortunately, these documents can be incredibly complex, and failure to complete them properly leaves you vulnerable to being deemed invalid in court.
As such, the team at Haber Silver Russoniello & Dunn can help ensure your agreement is legally binding and fair. Contact us today to learn how we can assist you during this process.