The Advantages of a Prenuptial/Postnuptial Agreement
If you are considering getting married, but you have substantial net worth or children from a prior marriage, you may be concerned about the loss of your net worth in the event of a separation or divorce. A prenuptial agreement can help you ensure that you don’t unnecessarily or unfairly lose your property, allowing you to focus on your relationship, instead of worrying about what you might lose.
The Benefits of a Prenuptial Agreement
The most important advantage of a valid prenuptial/postnuptial agreement is that it allows you to protect your property. With a prenup, you can specify what property you brought into the marriage and what property you will take out of the marriage. If you live in a community property state, you can identify what property is community property and what property is separate.
A prenuptial agreement can also establish terms for child custody and support, as well as alimony or spousal support.
Because you can establish the terms of custody, visitation, support and property division in a prenuptial agreement, you can save substantial time and money in the event of a divorce or separation, as you won’t have to litigate any of those issues.
A prenuptial agreement can also be used to reinforce or support your estate planning objectives, particularly if you have children. For example, if you have property in your estate that you want to go to your children, you can specify in the prenuptial agreement that it shall not go to your spouse.
Many individuals who have entered into prenuptial agreements say that, contrary to popular perception, the prenup actually strengthened their relationship, allowing them to let go of worries or concerns about their property and focus on their relationship.
Contact Aronberg, Kouser, Snyder & Lindemann, P. A., Attorneys at Law
At Aronberg, Kouser, Snyder & Lindemann, P. A., we have more than 35 years of experience helping people in New Jersey and Pennsylvania. Contact us by e-mail or call our office at 856-429-1700. Your initial consultation is free.
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