When you and your spouse decide to spend the rest of your lives together, it can be an incredibly exciting time. Though you’re busy picking floral arrangements and finding the perfect venue, there may be one important consideration you’ve forgotten – a prenuptial agreement! If you’re unfamiliar with these documents, you’ll want to keep reading, as the following blog explores how these work and the importance of connecting with Long Island prenuptial agreement lawyers to help you navigate this process.
What Is a Prenuptial Agreement?
When you and your spouse decide to tie the knot, you should consider establishing a prenuptial agreement. This is essentially a document that you can create before marriage that outlines how your assets will be handled in the event you file for divorce. Not only does this simplify the divorce process, but several elements will already be determined. For example, you can decide how to divide marital property, how to handle any inheritances obtained during the divorce, and even create terms for future alimony payments.
Unfortunately, there are many misconceptions regarding these documents. Many assume that agreeing to a prenuptial agreement before your marriage is a sign that the relationship is bound to fail. In reality, you’ll find that creating a prenup can help provide a sense of security for you and your spouse, as it allows you to know that in the event of a divorce, you will both be taken care of. Additionally, creating a prenup ensures that you and your spouse are fully transparent regarding your finances, which can help improve your relationship.
How Do I Create One?
If you and your spouse have decided that creating a prenuptial agreement is in your best interest, it’s critical to understand how this process works. First and foremost, you should note that the most important thing you should do is connect with an experienced attorney to discuss your legal options. Not only does it protect your best interest to have legal guidance during this process, but it can also help ensure that the document you’ve established is legally binding. This can help avoid significant issues in the event a divorce should arise.
Your attorney can assist you in the creation of the documents, such as determining what assets are marital and what property is separate. In addition, they can assist you in negotiating matters like alimony or how to divide any debt accrued.
As you can see, creating a prenuptial agreement is not something that should be taken lightly. When you are ready to establish this document, connecting with an experienced attorney from the Sklavos Law Firm is imperative. Our team understands how sensitive these matters can be to navigate, which is why we are committed to assisting you during this process. Contact our firm today to learn how we may assist you during these difficult times.
