A prenuptial agreement is a legally binding contract that couples enter into prior to getting married. Prenuptial agreements have been commonly used to protect the more affluent individual in the relationship. However, experts are now noticing that couples with comparable financial portfolios are entering into prenuptial agreements before they marry. Prenups address financial issues for couples entering into marriage who have children from previous marriages, successful careers, and substantial assets to consider.
Prenuptial agreements focus on such things as how retirement plans should be divided and the assets a deceased parent would intend for the children to receive in case of their death. The focus of drafting prenuptials agreements has shifted from protecting an individual’s wealth from the less wealthy spouse, to protecting each individual’s assets they accrued throughout the majority of their working lives and ensuring those assets go to those they designate.
According to statistics from the Institute for Women’s Policy Research, there is a portion of women who earn more than their husbands and have acquired significant assets. Hartmann reports that women want to protect what they have earned throughout their careers. The prenuptial agreements of today are being designed to determine who will inherit each spouse’s property, how a newly shared home will be paid for, and which investments will be joined or remain separate.
No one wants to think about divorce as they are entering a marriage, but prenups are gaining popularity because of existing assets and investments that couples have accumulated prior to marrying. A prenuptial agreement is typically drafted by a divorce lawyer and can include input from a financial advisor. Prenuptial agreements establish financial parameters and protect the assets that both individuals have attained throughout their careers.
Cherry Hill Divorce Lawyers of the Hartman Group Assist Individuals in Drafting Prenuptial Agreements
If you are entering into a marriage and are considering a prenuptial agreement, call Moorestown family law firm, the Hartman Group. Experienced Cherry Hill divorce lawyer, Frances A. Hartman, Esq., helps couples draft enforceable prenuptial agreements that address the rights of both individuals.
Cherry Hill divorce lawyers at the Hartman Group are conveniently located in Moorestown, New Jersey to serve individuals and couples throughout New Jersey including those in Burlington County, Camden County, Gloucester County, Cumberland County, Cape May County, Salem County and Atlantic County, including Cherry Hill and Haddonfield. Call our offices today at 856-235-4511 to schedule your confidential consultation or contact us online.