What Are The Pros And Cons Of A Prenup In New Jersey?
Nowadays, many couples are turning to prenuptial agreements to help them have more control over their finances before, during, and after marriage. There are still various misconceptions surrounding these marital agreements; many people still seem to think that prenups are only helpful for wealthier couples. In reality, spouses of any financial status can benefit from a prenuptial agreement. Still, you might have wondered whether the pros of a prenup outweigh the cons. Our knowledgeable law firm has all the answers you need! Continue reading this blog to learn more about prenups or contact one of our Marital Agreement Attorneys in Morris County, NJ for individualized legal counseling.
DO THE PROS OF A PRENUP OUTWEIGH THE CONS?
In general, the upsides of creating a prenup could greatly outweigh the downsides. The biggest advantage is that a prenuptial agreement allows spouses to openly discuss their finances and plan for the future. Many couples worry that speaking about divorce with their future spouse can be awkward or even harmful to their relationship. Actually, many experts agree that openly discussing difficult topics like finances and separation can strengthen a marital relationship in the long run. After all, communication is the key to a healthy relationship.
Creating and signing a valid prenup can save spouses’ time and money in the future. Divorce is inevitably stressful, and the last thing you want to be doing during that time is making important financial decisions. With a thorough prenup, most of the decisions you have to worry about will already be settled. Furthermore, this gives spouses more control over their assets during the divorce process, so they don’t need to rely on a judge to split assets and debts for them. The only real con to a prenup is that sometimes the agreement can favor one spouse over the other. There are ways to ensure that your prenup will benefit both spouses, though. If you want to get the most out of your prenup, you should consider hiring a lawyer who can help you and your future spouse with your marital agreements. An excellent lawyer will ensure that the agreement is viable and benefits both spouses.
Are you considering creating a valid prenuptial agreement with your future spouse? You might want to speak with a dedicated family law attorney who can guide you both through the legal process. Thankfully, our highly experienced law firm is on your side! Contact Townsend, Tomaio & Newmark today for an initial consultation.