Category Archives: Prenuptial Agreements
Would a New York Court Enforce an Adultery Penalty in a Prenuptial Agreement?
Prenuptial agreements can be effective instruments for prospective spouses who want to safeguard their assets and avoid costly conflict if they decide to divorce at some point. New York generally enforces premarital agreements addressing property division and child support terms. However, a document could be thrown out if a spouse’s assent was secured through fraud… Read More »
Rap Legend Says Her Prenuptial Agreement Led to a Smooth Divorce
Rumors about her divorce led renowned rapper MC Lyte to speak out on Instagram about the end of her marriage to John Wyche and why she’s thankful she signed a prenuptial agreement. Though prenuptial and postnuptial agreements are common among the rich and famous, few other celebrities have been as open about the significant, practical… Read More »
The Benefits of a Prenuptial Agreement
Prenuptial agreements are valuable tools to protect your property and your financial stability before you enter a marriage. Knowing that many marriages end in divorce, particularly high-net worth marriages, using a prenuptial agreement can be highly beneficial and, in the best-case scenario, you won’t even need to rely on it at all. Here are just… Read More »
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 »