Valley Stream Prenup Lawyers
Valley Stream Prenup Lawyers – Crafting Agreements That Stand the Test of Time
Marriage is an exciting milestones, but it can also get complicated when assets are involved. That’s where prenups come in. Prenups used to have a reputation as being just for the wealthy. But today they make sense for many couples in Valley Stream.
A prenup allows you to define financial terms upfront instead of leaving it up to New York law. But you want an agreement that’s fair and enforceable. Our Valley Stream prenup attorneys have the experience to make that happen.
Who Needs a Prenup in Valley Stream?
Here are common reasons to consider a prenup:
- You own real estate, a business, or other major assets
- You expect to receive an inheritance
- You have kids from a previous relationship
- You’ll earn much more than your spouse
- You want to keep finances separate
- You have family money you want to protect
The goal is protecting assets you brought into the marriage while still providing for your partner. A prenup gives you control over division of property if you split.
What Can a Valley Stream Prenup Cover?
Prenups give you flexibility to define financial terms of your marriage. Common sections include:
- Asset division – How you’ll split property like real estate, businesses, cars, etc.
- Debts – Who pays debts incurred before and during marriage.
- Earnings – If you’ll share income and assets acquired during marriage.
- Inheritance – If you’ll share gifts/inheritances received during marriage.
- Alimony – Terms for spousal support if you divorce.
- Life insurance – To provide for spouse at death.
An attorney can help you address topics relevant to your situation in your Valley Stream prenup.
Creating a Fair Prenup in Valley Stream
No one wants a one-sided agreement. Tips for a balanced prenup include:
- Full disclosure – Reveal all assets, debts, income sources, etc.
- Adequate time – Allow several weeks to review with separate lawyers.
- Consider future – Finances will likely change during marriage.
- Independent counsel – Each spouse should have their own lawyer.
- Room for negotiation – Rarely enforced exactly as written.
The right prenup provides protection while taking care of your partner. Our attorneys can help craft an agreement you both feel good about.
Enforcing Valley Stream Prenups
Courts will generally uphold prenups that are:
- Voluntary – Entered into willingly without duress.
- Full disclosure – Assets were fully disclosed.
- With counsel – Both parties had their own lawyers.
- Reasonable – Terms are reasonable at the time signed.
If a prenup is extremely one-sided or signed under questionable circumstances, parts or all of it may be invalidated. We help create solid prenups that hold up in New York courts.
Changing Your Valley Stream Prenup
Over time, you may want to revisit your prenup. Common reasons to modify include:
- Having children
- Receiving an inheritance or gift
- Change in income or assets
- Buying property together
- Moving to a new state
Modifications require the same formal process as creating the initial prenup. We can help update your agreement to reflect new developments.
Working with Experienced Valley Stream Prenup Attorneys
Although prenups are common today, the laws can be nuanced. An attorney well-versed in New York family law can make the process smooth. Here’s how we help:
- Advise about prenup laws and court enforceability in New York
- Review financial disclosures
- Draft agreement terms tailored to your situation
- Negotiate a fair agreement with your partner’s lawyer
- Ensure proper legal formalities are met
- Modify your prenup as needed down the road
We know prenups can be an emotional topic. Our goal is protecting you through this important process. If you’re getting married in Valley Stream, contact us to start planning your prenup today.
Sources:
- https://www.nolo.com/legal-encyclopedia/prenuptial-agreements-what-law-allows-30283.html
- https://www.forbes.com/sites/jefflanders/2013/04/02/five-reasons-why-prenups-might-be-good-for-you/?sh=2d3c4d4b4aea
- https://www.nolo.com/legal-encyclopedia/prenuptial-agreements-what-s-in-yours.html
- https://www.forbes.com/sites/jefflanders/2014/03/12/the-most-important-and-overlooked-key-to-a-successful-prenup/?sh=2d3c4d4b4aea
- https://www.nolo.com/legal-encyclopedia/prenuptial-agreements-how-change-after-marriage.html