When people get married, few of them imagine they will ever see a day where they worry about dividing their assets. However, it is not uncommon for new circumstances to arise in a marriage, couples separate, and suddenly there are negotiations around who gets everything from retirement savings to grandmother’s silverware.
The division of property can get extremely complicated very quickly, as items are infused with both monetary and sentimental value. This may be avoided, however, when couples put forth marital agreements, such as prenuptial and postnuptial agreements, in place.
Making decisions early on, when couples are calm, clear-headed, and cooperative, may be the best way to avoid confusing and often hostile entanglements. Enlisting an experienced Monmouth County marital agreements lawyer may be the best way to do just that. Contact a skilled family law attorney to discuss your options.New Jersey Prenuptial vs. Postnuptial Agreements
Prenuptial agreements are not uncommon in Monmouth County. With the state’s fifth highest median family income, there may be a great deal of financial assets to protect. Families may wish to protect their inheritances. A prenuptial agreement firmly puts in place who receives which assets under what circumstances in the event of a divorce.
Postnuptial agreements function in much the same way, but are agreed upon after the couple has said “I do.” This may sometimes prove advantageous, as the parties now have a more realistic view of marriage and can better determine the value of their contributions.
In both cases, however, the agreement can be undone if it is not painstakingly drafted and thoroughly scrutinized. Couples would be wise, then, to enlist the services of an experienced Monmouth County marital agreements lawyer to ensure their interests are protected.Consulting with Marital Agreement Lawyers
There are many reasons a couple may seek to enter into a marital agreement. As was mentioned, protecting an inheritance is one popular reason. Other reasons include:
Experienced Monmouth County family lawyers know the idea of a pre or postnuptial agreement can be unnerving. To some, it means couples do not believe their marriage will last. However, it can help bring couples some much-needed peace of mind.
Money is one of the greatest causes of strife in a marriage, having set agreements in place around it may, in fact, make a marriage stronger.Challenging Marital Agreements in Monmouth County
As was mentioned, all marital agreements are not created equal. They may be challenged under varying circumstances, in which case, parties will have to determine what is fair either through litigation or negotiation. This may happen if:
It is recommended for all married couples to be proactive about their financial decisions. One way to do so is determining ahead of time how assets should be divided in case of separation. Monmouth County marital agreements attorneys are well versed in local, state and federal family law and will study your assets with a fine-toothed comb. Contact a Monmouth County marital agreement lawyer today.