A prenuptial agreement (“prenup”) or ante nuptial is one of the most important documents that couples can execute before their marriage. In the event of a divorce, a prenup allows parties to define the terms of an agreement in a potential divorce. The terms that can be agreed upon include the division of assets, liabilities, gifts, inheritance and spousal support (alimony). Get to know the difference below between postnup vs prenup in details.
It is a common misconception that prenuptial agreements are only needed in situations in which one party enters the marriage with significantly more assets than the other or expects to inherit assets from their family . Since a prenuptial agreement states what happens to marital and separate property at the time of divorce, the mere process of entering into the agreement results in the parties having an honest discussion before the marriage regarding their finances. Further, a requirement of the pre-nuptial agreement is a full disclosure of assets. The financial disclosures of each party before the marriage helps alleviate economic uncertainty down the road. Keep in mind that marriage is not only an emotion and legal bond; it’s a financial merger of two entities (you and your soon-to-be spouse) as well!
Read below to learn more about prenup vs postnup agreements, and how the Law Office of Wyckoff Nissenbaum can help you handle a potentially uncomfortable or contentious process with care and professionalism. If you have any questions and would like to schedule a consultation, call us at (617) 410-6467 or click the link at the bottom of this page to self-schedule a consultation.
Your prenup deserves the attention and care of an experienced Attorney. Call the Law Office of Wyckoff Nissenbaum at (617) 410-6467 to schedule a free consultation.