Long Island Prenuptial Agreement Lawyers
What Is a Prenuptial Agreement?
Prenuptial agreements are written contracts between two people about to be married. Agreements of this nature are created to outline the terms of marital and separate property distribution. By drafting a prenuptial agreement, people entering into a marriage are fully aware of their economic situation should the marriage end in divorce or legal separation.
What is a Postnuptial Agreement?
Postnuptial agreements are similar to prenuptial agreements. The only difference is that a postnuptial agreement is created after two people are married.
What Does a Prenup Do?
A prenuptial agreement is a legal contract outlining certain rules regarding the couple’s finances in the event of divorce or death. It is signed before the marriage and can address some of the following topics:
- What property each spouse had before the marriage
- Whether there should be children in the marriage
- What will happen regarding spousal and/or child support after death of a spouse
- Who can inherit what property
- What will happen if a spouse becomes disabled
- How taxes and debts are to be handled
A prenuptial agreement can ensure that both spouses are on the same page before they marry, and can protect against any confusion in the future.
Contact a Prenuptial & Postnuptial Agreement Attorney in Long Island
Wisselman, Harounian & Associates is considered one of the leading matrimonial law firms in New York because we provide our clients with reliable and cost-effective legal services. Our attorneys have the training, practical experience, and resources to help you draft a legally sound agreement that meets the needs of both you and your future spouse. We help our clients through this legal process and mediate as necessary to keep both parties calm and composed.
Need help drafting a pre- or postnuptial agreement? Request a complimentary consultation today.
Marital Property vs. Separate Property
Before two people can draft a prenuptial or postnuptial agreement, they must be able to identify what property is considered marital, and what property is considered separate. Marital property includes all assets acquired throughout the duration of the marriage.
These assets include:
- Real estate property
- Motor vehicles
- Stocks and bonds
- Money within a savings account
- Businesses owned by either spouse or both
Separate property is:
- All possessions acquired before the marriage commenced
- Property given as a gift by a third party
- Compensation for personal injuries
- Inherited property
After the two parties have carefully reviewed their marital and separate assets, they may begin to draft a prenuptial or postnuptial agreement. At this time, it is always beneficial to speak with a family law attorney who has experience with drafting pre- and postnuptial agreements. At Wisselman, Harounian & Associates, we can review the agreement to make sure it is in compliance with state laws and we can mediate conflicts that may arise throughout the drafting process.
Get help with a prenuptial or postnuptial agreement in Great Neck. Contact an attorney at our law firm today!
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