Marriage is generally defined in one of two ways, a legal agreement between two parties or a matrimonial ritual. Whichever way a person decides to view their marriage, one thing remains the same – if the two parties separate, there has to be a division of martial assets. For most people, the early stages of dating and the engagement period aren’t exactly the time to talk about Prenuptial Agreements Suffolk County. However, if you want to protect yourself, that is the exact time when you need to have these type of conversations.
A prenuptial agreement serves as a form of protection for both you and your future spouse. Is is a document that clearly states what assets each party came to the marriage with, as well as those assets that are to be protected in the event of a divorce. Generally, it is necessary for you to have a prenuptial agreement prepared by an attorney; however, there are a few things you can do on your own to better prepare.
Disclosure of assets. The first thing you, and your future spouse, need to do is create a list of all of your assets. This is an essential first step if you want to ensure that all of your assets are adequately protected. These assets include, land, bank accounts and stock options. Not only is it important to disclose your assets, it is also a good idea to disclose any future assets that will you will be receiving as a result of your labor of heir.
Reach an agreement. The next thing that you need to do is to come up with a an agreement between you and your mate, about how you will divide up any assets the two of your acquire during your marriage. For example, if you acquire anything during your marriage, you’ll need to have it in writing which party gets what. This information is the same for property or bank accounts, you need to come up with a plan for the way everything will be divided.
Hire a lawyer. The next thing you need to consider when Organizing Prenuptial Agreements Suffolk County is that you need to hire an attorney. Even if you and your spouse are in complete agreement on the terms of the prenup, it is still required by law that each party have separate attorneys to represent them.
Read more about prenuptial agreements in Suffolk County at www.coberthaber.com.
