Category Archives: Prenuptial Agreements

What Should You Know About Equitable Property Division in New York?

The term “equitable distribution” refers to a system of property division in which the court divides marital property in a fair, equitable manner—not necessarily one that is equal. Some of the considerations the court will take into account include: The length of the marriage The age and health of each spouse The amount of money… Read More »

Why Prenuptial Agreements are Beneficial for Second Marriages

There has been a significant rise in “gray divorces” in the United States—that is, divorces involving people over 50 years old. There are a variety of reasons for this, including an increased life expectancy. But one result of this trend has been people getting married for a second time at an older age. The prenuptial… Read More »

What is Considered Marital Property?

Marital property is a legal term used in divorce law in the United States that refers to any property acquired during the course of the marriage. Any property a person owned before entering the marriage is classified as separate property, and property such as inheritance or gifts are also considered separate property, even if acquired… Read More »

What You Should Know About Prenups

There is a common misconception that prenuptial agreements are only beneficial for high-net worth couples, but this simply isn’t true. There are many people who can benefit from the use of a prenuptial agreement when entering into a marriage, and therefore the more you know about these contracts the easier it will be for you… Read More »

Prenuptial Agreements Cannot Deal With Issues of Child Welfare

Prenuptial agreements can be extremely useful tools for outlining the terms of a potential future divorce before you get married. They help you protect your assets or investments, particularly those you want to preserve for children from a previous marriage. However, prenups can’t be used for just anything—there are certain terms that will not be… Read More »

Millennials the Driving Force Behind an Increase in Prenups

Numerous studies have shown how Millennials are waiting longer than previous generations to get married. This, many experts believe, is the primary reason for a drastically decreasing divorce rate nationwide. However, that’s not the only trend Millennials seem to be driving in the world of marriage. They are also more likely than previous generations to… Read More »

What You Cannot Include in a Prenuptial Agreement

Prenuptial agreements can be extremely beneficial for couples about to enter into a marriage to establish certain ground rules for splitting debts, assets and other responsibilities. However, there are some items you may not include in a prenup. It is important to know these items before you sign your agreement. Issues related to your children… Read More »

Jeff Bezos, Wife File for Divorce with No Prenup in Place

Amazon founder and CEO Jeff Bezos recently announced that he and his wife, MacKenzie, would be getting divorced. The divorce is expected to shatter records because Bezos is the wealthiest man in the world and the couple did not have a prenuptial agreement. There have been reports of an affair Bezos had during the marriage,… Read More »

Can Divorced Couples Split Rental Properties on Their Taxes?

If you and your spouse own rental properties together, you are allowed to continue renting it out after your divorce if you wish to do so. However, you’ll need to come to a mutual decision about how you’ll divide these rental assets and the tax bills. As far as the IRS is concerned, whether you… Read More »

Prenuptial Agreements Have Become a Staple of Millennial Marriages

Recent surveys of family law attorneys indicate prenuptial agreements (prenups) have become increasingly popular among millennials in recent years. One big reason for this trend is that millennials are getting married older, on average, than previous generations, meaning they’re coming into marriage with more assets. However, perhaps the biggest factor is the massive debt weighing… Read More »