Prenuptial agreement new york

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Prenuptial Agreement

What’s a prenuptial Agreement?

A prenuptial agreement, premarital agreement, or antenuptial agreement, commonly abbreviated to prenup or prenupt, is a contract entered into prior to marriage, civil union or some other arrangement before the primary agreement by the individuals meaning to wed or contract. The content of a prenuptial agreement can vary widely, but commonly comprises provisions for spousal support and division of property in case of divorce or breakup of union. They may have terms for the forfeiture of assets as an effect of divorce on the grounds of infidelity; additional conditions may be included too.

Why are they useful and becoming popular?

Let’s face it: That Valentine’s Day proposal’s afterglow often begins as discussions get started to blur. The couples that are happy face potential buzz killers which are financial (to keep reception prices down), logistical (where to seat relatives not on speaking terms) etc.

The prenup appears so utterly unromantic — or just plain incorrect — but it’s also become so appropriate for so many these days: those keenly conscious that the union might end up in divorce, a legal separation or death. Most prenups tackle fiscal problems such as real estate, department and possible spousal support in the case of divorce or separation. It appears that an increasing number of couples are turning to them as a way of clarifying duties and their rights in relation to their relationship.

“More and more of these arrangements are being drafted,” says American Academy of Matrimonial Lawyers President Marlene Eskind Moses. “It is not only something for the rich and famous any longer. It is for people who have assets and/or income that they want to shield.”

Nearly one third of single adults say they would ask a significant other to sign a prenup, in accordance with a February survey of 2,323 adults.

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