Easy Questions  
Free Legal Documents

Deciding Whether a Pre-Nuptial Agreement is Right for You in Adirondack, NY

Deciding Whether a Pre-Nuptial Agreement is Right for You in Adirondack, NY


Love is a symbol of eternity. It wipes out all sense of time, destroying all memory of a beginning and all fear of an end.
 
- Author Unknown


A prenuptial agreement is a contract executed by a couple before they marry concerning the ownership of their respective assets should the marriage fail. Nothing kills romance faster than the word pre-nup. On a practical level, with almost half of all marriages ending in divorce, a prenup may be an insurance policy in case things don't work out long term.

Marriage is not just an emotional and physical union, it's also a financial union. A prenup and the discussions that go with it can help place the financial well-being of the marriage on a solid foundation. The contract spells out how assets will be distributed in the event of divorce or death.

Getting to know your assets and property can help make up your mind if need to have a prenuptial agreement before you get married. There are three steps to determine this:

1. Take a Prenuptial Quiz. If you and your spouse-to-be answer yes to any of these questions, chances are having a pre-nup is helpful. If most answers are no, aprenup can still be helpful but not as critical.<.p>

  • Do either of you possess any real estate?
  • Do either of you possess money amounting to $50,000 or more aside from having real estate?
  • Do either of you own a business?
  • Do either of you earn more than $100,000 annually?
  • Do either of you have any valuable employment benefits like stock options or profit sharing or have you earned more than a year's worth of retirement benefits?
  • Does either of you plan to pursue an advance degree while the other one works?
  • Do either of you have other heirs for your estate other than your spouse when you die?


  • 2. Identify Important Issues

    List all the issues you want addressed in a prenuptial agreement. In this way you can check and discuss these issues with your spouse-to-be. These issues may touch upon subjects like separation of property, how to handle money and property during the course of marriage, alimony, or how your property will be treated after death.

    Other common prenup topics may include:

  • Joint or separate property
  • Estate planning issues including leaving family property or provisions for children from previous marriage
  • Handling of separate businesses
  • Separate handling of each person's debts
  • In case of separation or divorce, who gets what, including alimony
  • Income tax returns, filing and allocation of income
  • Who will be responsible for the household expenses and how payments will be funded
  • Managing joint bank accounts and separate bank accounts
  • Specific big ticket purchases
  • Credit card charges and and how payments will be funded
  • Investment and savings plans for the future
  • Arrangements regarding education
  • Agreements regarding the provisions for the surviving spouse just in case the other one passes away.
  • How to settle disagreements in the future


  • 3. Assess your Comfort Level

    On a scale from 1 to 5, with 5 being the highest, how comfortable are you with the idea of having a prenup? How comfortable do you estimate your spouse-to-be will be with a prenup?

    Score of one to two: What are the reasons for your discomfort? Are you unsure whether you are in a better legal and financial position without a prenup vs. with a prenup? Do you know enough about the laws and regulations about prenup in your state? Are you worried about offending your fiancé? Is it possible that the two of you need to be able to talk about difficult matters in a loving way, as a way to pave the way for more open communication with your spouse-to-be in the future?

    Score from three to five: if you are comfortable enough to talk to your fiancé, then go ahead and start discussing the specifics. Discussing it in a level-headed manner can be a good start to see each other eye to eye. Be open about the discussion and don't take all in one go. Take your time, be open minded and build on trust openness and transparency.

     
    Edit, Download, & Print a Free
    New York Premarital
    Page 1
    Page 2
    Page 3
    Page 4
    Page 5
    Page 6
    Page 7
    Page 8
    Page 9
    Page 10
    Page 11
     
    Edit, Download, & Print a Free
    New York Power of Attorney
    Page 1
    Page 2
    Page 3
    Page 4
    Page 5
    Related Legal Services near Adirondack, NY
    Adler Michael
    4060 Amboy Rd
    Staten Island, NY 10308
    (347) 382-9764
    Bankruptcy Services,  Attorneys,  Bankruptcy Law Attorneys,  Real Estate Attorneys,  Legal Service P
    Samantha French Noda, LLC
    P.O. Box 1027
    New York, NY 10008
    (917) 364-9340
    General Practice Attorneys, Patent, Trademark & Copyright Law Attorneys, Attorneys
    Mc Kinnis Law Offices
    12 Locust Ln
    Bronxville, NY 10708
    (914) 793-9215
    Insurance Attorneys, Attorneys, Business Law Attorneys
    Spiegel Brown Fichera & Cote
    1203 North Ave
    Beacon, NY 12508
    (845) 896-8840
    Criminal Law Attorneys,  Attorneys,  Legal Service Plans,  Personal Injury Law Attorneys
    Palumbo Karen C
    1203 North Ave
    Beacon, NY 12508
    (845) 831-8300
    Attorneys,  Family Law Attorneys,  General Practice Attorneys,  Adoption Law Attorneys,  Legal Servi
    Detommasi Anthony J MD
    17 Woodlawn Ave
    Albany, NY 12208
    (518) 438-8030
    General Practice Attorneys, Attorneys
    Colin Law Office
    19 Greystone Cir
    Bronxville, NY 10708
    (914) 771-7711
    General Practice Attorneys, Attorneys, Legal Service Plans
    De La Fleur Brian
    1334 Union St
    Schenectady, NY 12308
    (518) 374-7700
    Attorneys, Legal Service Plans
    Brockbank Michael T
    1494 Wendell Ave
    Schenectady, NY 12308
    (518) 374-6815
    Estate Planning Attorneys, Attorneys, Elder Law Attorneys, Real Estate Attorneys, Legal Service Plan
    Nobile Magarian & Di Salvo
    111 Kraft Ave
    Bronxville, NY 10708
    (914) 337-6300
    Attorneys, Legal Service Plans
    Newstad William ESQ
    3884 Amboy Rd
    Staten Island, NY 10308
    (718) 317-6207
    General Practice Attorneys, Attorneys
    Counsel Press
    295 S Main Ave # 795
    Albany, NY 12208
    (518) 458-6044
    Paralegals,  Publishers-Periodical,  Arbitration Services,  Financial Services,  Arbitration & Media
    Johnson Timothy R
    144 Main St
    Morris, NY 13808
    (607) 263-5741
    Attorneys, Elder Law Attorneys, Wills, Trusts & Estate Planning Attorneys, Legal Service Plans
    Alishahi Amir
    3925 Hylan Blvd
    Staten Island, NY 10308
    (718) 984-5555
    General Practice Attorneys, Attorneys
    Dimassimo James D
    263 Plymouth Ave S
    Rochester, NY 14608
    (585) 546-5510
    General Practice Attorneys, Attorneys
    Steinbrenner Law Offices, LLC
    104 Troup St
    Rochester, NY 14608
    (877) 350-5455
    Commercial Law Attorneys, Antitrust Law Attorneys, Business Law Attorneys, Small Business Attorneys
    Penzetta Dominick
    33 Henry St
    Beacon, NY 12508
    (845) 831-5291
    Attorneys, Business Law Attorneys, Real Estate Attorneys, Legal Service Plans, Estate Planning Attor
    Timothy G Griffin At Law
    77 Pondfield Rd
    Bronxville, NY 10708
    (914) 771-5252
    General Practice Attorneys, Attorneys, Legal Service Plans
    Morris James
    70 Millard Ave
    Bronxville, NY 10708
    (914) 793-5060
    General Practice Attorneys, Attorneys, Legal Service Plans
    Bridgham Ruth
    524 Madison Ave # 1
    Albany, NY 12208
    (518) 434-4926
    Attorneys, Legal Service Plans
    De Maria Joseph G
    301 Exchange Blvd # 204
    Rochester, NY 14608
    (585) 232-4910
    General Practice Attorneys, Attorneys, Legal Service Plans
    Rebecca Bauscher
    668 Madison Ave
    Albany, NY 12208
    (518) 426-4786
    Attorneys,  Child Custody Attorneys,  Divorce Assistance,  Family Law Attorneys,  Divorce Attorneys
    Mclaughlin Kevin
    75 Pondfield Rd
    Bronxville, NY 10708
    (914) 779-4613
    Attorneys, Legal Service Plans
    Bmh Paralegal Svc Inc
    438 Doane Ave
    Staten Island, NY 10308
    (718) 967-4592
    Paralegals
    12Law.com   |  NASHVILLE, TN USA   |  CONTACT US