12Law Arrow 12Law Arrow  Easy Questions  
12Law Arrow 12Law Arrow Instant Legal Documents
 
 
FINANCIAL & MARITAL

Cohabitation Agreement coming soon!
Separation Agreement coming soon!
No-Fault Divorce coming soon!
Bankruptcy coming soon!
 
 

Deciding Whether a Pre-Nuptial Agreement is Right for You in Zip Code 08101

Deciding Whether a Pre-Nuptial Agreement is Right for You in Zip Code 08101


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, and it concerns 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 Create This Document
    Page 1
    Page 2
    Page 3
    Page 4
    Page 5
    Page 6
    Page 7
    Page 8
    Page 9
    Page 10
    Page 11
    Related Legal Services near Zip Code 08101
    Rocco Maria F
    31 Leroy Pl
    Red Bank, NJ 07701
    (732) 450-9999
    Attorneys, Legal Service Plans
    Law Office-Valerie Hemhauser
    125 Half Mile Rd # 200
    Red Bank, NJ 07701
    (732) 842-9993
    General Practice Attorneys, Family Law Attorneys, Attorneys, Divorce Attorneys
    Applebey Gary D
    367 Livingston Ave
    New Brunswick, NJ 08901
    (732) 247-9988
    Attorneys
    Zavaglia Jr Joseph
    728 Nutswamp Rd
    Red Bank, NJ 07701
    (732) 933-9963
    Attorneys, Legal Service Plans
    Morrell Eric B
    191 Livingston Ave
    New Brunswick, NJ 08901
    (732) 249-9933
    Attorneys, General Practice Attorneys
    Gasiorowski Cathy
    54 Broad St # 302
    Red Bank, NJ 07701
    (732) 212-9930
    Attorneys
    Gold, Albanese & Barletti
    58 Maple Ave
    Red Bank, NJ 07701
    (732) 936-9901
    Corporation & Partnership Law Attorneys, Attorneys, Accident & Property Damage Attorneys, Personal I
    Ofeck Ron
    85 Main St
    Hackensack, NJ 07601
    (201) 488-9900
    Attorneys, Legal Service Plans
    Nita Kundanmal, P.C.
    238 Main Street, Suite 111
    Hackensack, NJ 07601
    (201) 883-9800
    Immigration Law Attorneys
    Immigrat World
    100 Jefferson Ave
    Elizabeth, NJ 07201
    (908) 659-9779
    Attorneys, Immigration & Naturalization Consultants, Legal Service Plans
    John L Schettino
    2 University Plz Ste 311
    Hackensack, NJ 07601
    (201) 498-9768
    Attorneys, General Practice Attorneys, Legal Service Plans
    Schettino John
    800 Main St # 1
    Hackensack, NJ 07601
    (201) 498-9768
    Attorneys,  Labor & Employment Law Attorneys,  Corporation & Partnership Law Attorneys,  Business Ba
    Castner Jane D
    93 Sidney School Rd
    Annandale, NJ 08801
    (908) 713-9723
    Attorneys, Tax Attorneys, Wills, Trusts & Estate Planning Attorneys
    Jenkins & Clayman
    1125 Atlantic Ave # 536
    Atlantic City, NJ 08401
    (856) 546-9696
    Attorneys,  General Practice Attorneys,  Legal Service Plans,  Bankruptcy Law Attorneys
    Samperi Frank D
    45 Essex St # 101
    Hackensack, NJ 07601
    (201) 487-9669
    Attorneys, General Practice Attorneys
    Savy Grant & Assoc
    39 Hudson St
    Hackensack, NJ 07601
    (201) 646-9600
    Estate Planning Attorneys, Attorneys, Criminal Law Attorneys, Family Law Attorneys, Divorce Attorney
    Anish A. Joshi, Esq.
    53 Paterson St
    New Brunswick, NJ 08901
    (732) 545-9600
    Business Bankruptcy Law Attorneys,  Attorneys,  Legal Service Plans,  Family Law Attorneys,  Divorce
    Bitterman Lawrence Y
    247 Livingston Ave # 2
    New Brunswick, NJ 08901
    (732) 249-9600
    General Practice Attorneys, Attorneys
    Avelino Law Firm
    121 Summit Ave
    Summit, NJ 07901
    (908) 918-9600
    Attorneys
    Singer Melinda
    3 University Plaza Dr
    Hackensack, NJ 07601
    (201) 678-9595
    General Practice Attorneys, Attorneys
    Wilson Jeffrey R
    706 N Ohio Ave
    Atlantic City, NJ 08401
    (609) 348-9560
    Attorneys, General Practice Attorneys
    Blair Hugh M
    48 Maple St
    Summit, NJ 07901
    (908) 522-9550
    Attorneys, Legal Service Plans
    Vort Robert A
    2 University Plz # 200
    Hackensack, NJ 07601
    (201) 342-9501
    Attorneys, Legal Service Plans
    Cohen I Mark
    1 Executive Dr # 6
    Tinton Falls, NJ 07701
    (732) 741-9500
    Legal Service Plans,  Bankruptcy Law Attorneys,  Attorneys,  Bankruptcy Services
    12Law.com   |  NASHVILLE, TN USA   |  CONTACT US