Premarital agreements, also known as prenuptial agreements, are guidelines that couples set before getting married, to draw fine lines regarding rights and ownership of certain assets. While premarital agreements aren’t a must, many couples find them to be beneficial. If you or someone you know is interested in obtaining a premarital agreement, contact the law offices of Kantrowitz, Goldhamer and Graifman, P.C. Our team of experienced professionals will offer you nothing but the best legal representation for your matrimonial law needs.
Common misconceptions regarding premarital agreements
There are many common misconceptions regarding premarital agreements. For example, there are a number of reasons why they are used. Many people believe that premarital agreements are used only in wealthy marriages, to protect one party’s assets. However, such agreements can be used to protect one or both party’s assets in the event that divorce proceedings take place, determine how property will be passed on in the event of a sudden death, or to clarify financial rights and responsibilities during a marriage.
How are premarital agreements helpful?
Premarital agreements can be very helpful, due to the fact that they can be tailored to meet the needs of your unique marital situation. In the event that a couple doesn’t seek a premarital agreement, most aspects of responsibility and property during and after the marriage will fall subject to state family laws. For example, in most states, such laws state that your spouse will be entitled to share and receive some of the property acquired during the marriage, share in any debts that are acquired during the marriage, and receive some of the property in the event of death. Many couples find that they are uncomfortable with the specifics that such state laws entail, which makes premarital agreements very beneficial, as they clear any grey area by setting firm guidelines to meet the needs of the couple’s specific situation.
After many years of scrutiny by the court system, every state now allows premarital agreements and divorces and remarriages are acceptable. Additionally, women hold a more equal place in society, which allows for the validation of most prenuptial agreements. However, to this day, the court system analyzes each prenuptial agreement thoroughly, so it is important to make sure that it is done correctly. A premarital agreement should entail clear and understandable guidelines that are fair to all parties involved and meet state requirements.
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If you or someone you know is interested in obtaining a premarital agreement, contact the law office of Kantrowitz, Goldhamer and Graifman, P.C. We have the knowledge and experience to make sure that you receive only the best legal representation.