Avoiding Divorce Lawyers: The Rise of the Prenup

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One spouse is the saver; the other spouse the spender. One spouse buys on credit; the other spouse saves first and then buys. One spouse is saving and planning for retirement; the other spouse is living for today. Over time, these habits lead to conflict in a marriage and in the end, it brings the marriage into divorce. One of the top reasons couples divorce is not money, but lack of financial compatibility. While it is true that opposites attract, in the financial arena, they actually repel each other with disastrous results. Prenup agreements can be helpful to marrying couples and a non-emotional way to understand a couple’s financial compatibility prior to marriage. For more information click here. elder care attorney nj, elder care lawyers in nj, elder law new jersey, elder law attorney new jersey, elder law attorney nj, elder care attorney near me
                                                        
                                                               
What is a Prenup?

A prenup or prenuptial agreement is a legal document that outlines how an engaged couple will divide their assets in the event of a divorce. Executed prior to entering into the marriage, the agreement is only valid if the couple divorces. For more information click here., elder care lawyers near me, child custody Lawyers nj, child custody attorneys near me, Elder Care Law Firm

Who are Prenups Good for?

There are no hard and fast rules to follow when it comes to prenups. There are certain financial scenarios that make a prenup a smart financial move. They are:  For more information click here. estate planning attorney near me, estate planning attorney new jersey, estate planning lawyer NJ, estate planning lawyers near me


●        Owning property or a business
●        Having children from a previous relationship
●        Holding significant debt, including student loans
●        Having retirement accounts

When a couple divorces, marital assets are divided between the spouses. The exact split depends on the couple’s assets, debts, and other considerations – it is not equal, but equitable. Separate property, or property owned by one of the spouses prior to the marriage, remains separate after divorce and is not included as a marital asset for purposes of marital asset division. The same is true for certain investment income like 401k plans, inheritance, and gifts – they are not considered marital assets. Future contributions made after you marry to any of these accounts will usually be considered marital property.  For more information click here. Adoption Attorney near me, Alimony Lawyers near me, Medicaid Planning Attorney near me, Medicaid Planning Attorney nj, Divorce Lawyer near me

Assess Your Finances

When you hire a lawyer to draw up your prenuptial agreement, he or she will request your financials – bank accounts, investment accounts, retirement accounts, tax returns, insurance policies, debts, and other assets. This information is shared with your fiancĂ©. For more information click here. Divorce Attorney new jersey, Veterans Attorney New Jersey, medicaid attorney NJ, medicaid planning attorney nj, medicaid attorney near me


Need a New Jersey Asset Protection Lawyer?

The top three topics included in almost all prenups are separate property, alimony, and division of property. The issue of child custody and support for future children is not included in prenuptial agreements because such determinations in New Jersey are made in the best interest of the children at the time of divorce. If you are contemplating marriage, speak with an Asset Protection Lawyer near you first to understand how to protect your assets prior to marriage. Call the Asset Protection Lawyers in New Jersey today to schedule an initial consultation. You can also request an appointment online here. For more information click here. . medicaid  lawyers near me, family lawyers in newark nj, lawyers in newark nj, lawyers in newark new jersey

The Giro Law Firm represents individuals in New Jersey who are ending their marriage. We provide the right information that can help you make the best decisions about your New Jersey divorce case. Request a confidential consultation today through our website or call us at (201) 690-1642. Our divorce and family law practice also assists individuals, including same sex-relationships, with child support and child custody matters, adoptions, separation, pre and post marital agreements, and guardianship matters. For more information click here. divorce lawyers in newark nj, probate lawyers in newark nj, child support lawyers newark nj, attorney in newark nj

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