Easy Questions  
Free Legal Documents

Deciding Whether a Pre-Nuptial Agreement is Right for You in Allamuchy, NJ

Deciding Whether a Pre-Nuptial Agreement is Right for You in Allamuchy, NJ

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.

    Personalize & Print a Free NJ Premarital Download this Document
    Page 1
    Page 2
    Page 3
    Page 4
    Page 5
    Page 6
    Page 7
    Page 8
    Page 9
    Page 10
    Page 11
    Personalize & Print a Free NJ Power of Attorney Download this Document
    Page 1
    Page 2
    Page 3
    Page 4
    Page 5
    Related Legal Services near Allamuchy, NJ
    Cunningham Lisa K
    170 Mount Airy Rd
    Basking Ridge, NJ 07920
    (908) 630-9900
    General Practice Attorneys, Attorneys
    Patel Milan C
    1740 Oak Tree Rd Ste E
    Edison, NJ 08820
    (732) 452-9888
    General Practice Attorneys, Attorneys, Legal Service Plans
    Friedman Martin & Beth
    25 Stockmar Dr
    Basking Ridge, NJ 07920
    (908) 204-9642
    Attorneys, Legal Service Plans
    Shulman William Z
    115 River Rd Ste 201
    Edgewater, NJ 07020
    (201) 313-9300
    Attorneys, General Practice Attorneys
    Gurnani & Gurnani,
    101 State Route 27
    Edison, NJ 08820
    (732) 494-8900
    Attorneys, Labor & Employment Law Attorneys, Immigration Law Attorneys, Corporation & Partnership La
    Nieschmidt Law Office
    412 Monmouth St
    Hightstown, NJ 08520
    (609) 426-8807
    Attorneys,  Criminal Law Attorneys,  Family Law Attorneys,  Tax Attorneys,  Divorce Attorneys,  Bank
    Bressler Duyk Law Firm
    60 State Route 27
    Edison, NJ 08820
    (732) 494-8555
    Attorneys, Business Law Attorneys, Real Estate Attorneys, Litigation & Tort Attorneys, Estate Planni
    Legband Donna
    93 S Finley Ave
    Basking Ridge, NJ 07920
    (908) 696-7977
    Attorneys, Legal Service Plans
    Mavinkurve & Patel Law Offices
    44 State Route 27 # D
    Edison, NJ 08820
    (908) 222-7966
    Attorneys, Legal Clinics, Real Estate Attorneys, Divorce Attorneys
    Warshaw Law Firm
    403 King George Rd Ste 201
    Basking Ridge, NJ 07920
    (908) 350-7771
    General Practice Attorneys, Attorneys
    Zelley Frederick B
    88 S Finley Ave # G
    Basking Ridge, NJ 07920
    (908) 766-6666
    General Practice Attorneys, Attorneys
    Speck Amy
    202 2nd Ave
    Bradley Beach, NJ 07720
    (732) 776-6610
    Pasricha Gary S
    1794 Oak Tree Rd
    Edison, NJ 08820
    (732) 593-6200
    Immigration Law Attorneys, Patent, Trademark & Copyright Law Attorneys, Attorneys
    Hanlon William J
    170 Mount Airy Rd Ste F1
    Basking Ridge, NJ 07920
    (908) 766-6100
    Attorneys, Legal Service Plans
    Ziegelbaum Joanne E A
    107 Manlove Ave # Ae
    Hightstown, NJ 08520
    (609) 443-5950
    Attorneys, Legal Service Plans
    Siggelakis Gus T
    162 Broad St
    Hightstown, NJ 08520
    (609) 443-5533
    Attorneys, Legal Service Plans
    Del Tufo Linda
    88 S Finley Ave # D
    Basking Ridge, NJ 07920
    (908) 766-5200
    Attorneys, General Practice Attorneys
    Stephen L Klein
    17 Hilliard Ave
    Edgewater, NJ 07020
    (201) 654-4592
    Social Security & Disability Law Attorneys,  Attorneys,  Real Estate Attorneys,  Accident & Property
    Richford Lisa Law Office
    4327 S Broad St
    Trenton, NJ 08620
    (609) 581-4414
    General Practice Attorneys, Attorneys, Legal Service Plans
    Asma J. Warsi Chaudry
    2 State Route 27 Suite 402
    Edison, NJ 08820
    (732) 662-4125
    General Practice Attorneys, Attorneys
    Bonk Family
    1941 Oak Tree Rd Ste 201
    Edison, NJ 08820
    (732) 321-4026
    Attorneys, General Practice Attorneys
    Gosnell Emily At Attorney Law
    614 US Highway 130
    East Windsor, NJ 08520
    (609) 371-3820
    Attorneys, Legal Service Plans
    Vallejos Law Ofc & Morales
    200 Mercer St
    Hightstown, NJ 08520
    (609) 371-3600
    General Practice Attorneys, Attorneys, Legal Service Plans
    Gattoni E RN
    300 Undercliff Ave
    Edgewater, NJ 07020
    (201) 313-3576
    12Law.com   |  NASHVILLE, TN USA   |  CONTACT US