Larkin, Ingrassia & Tepermayster, LLP
Need Help? Call Today

Getting married? Get a prenup!

Once a hallmark of the über-wealthy or those in second or subsequent marriages, prenups are now commonplace among young professionals seeking to wed.

According to one nonprofit that offers advice to couples, the Equality in Marriage Institute, there has been three times the number of inquiries regarding prenuptial agreements from couples in the two-year period from 2003-2005.

It's part pragmatism here in the state of New York — couples divorce here at almost eight times the nation's average.

But that's not the only reason. In past generations, couples married younger, when they had amassed far fewer assets, separately and together. In New York City, the average age for first marriages ranges from 30 to 34 — plenty of time to have built up a portfolio and socked away a 401k.

Sometimes it's not what you have right now but what you anticipate having in the future that you wish to protect if the marriage sours. While most states disallow this, New York permits prospective future gains that are linked to degrees, licenses and partnerships to be decreed as marital property. Without an airtight prenup in place, someone's livelihood could be on the line one day.

Whatever plans you may anticipate for your future fortunes, the fact remains that no one can predict how a marriage will play out over time. Addressing the issue of a prenuptial agreement prior to walking down the aisle in a mature, calm and civil manner can allow both parties to express their feelings about the matter.

Both parties should have separate legal counsel review the prenuptial agreement prior to signing to ensure it is fair and both parties' interests are represented.

Source: New York Magazine, "With This Ring (and This Contract), I Thee Wed," Geoffrey Gray, Dec. 03, 2016

No Comments

Leave a comment
Comment Information

We Can Help Fill out this form to contact our team of experienced attorneys

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Email Us Today

Offices located in Newburgh and Middletown | Se Habla Español | Connect With Us:

Newburgh Office
356 Meadow Avenue
Newburgh, NY 12550

Toll Free: 877-278-5062
Phone: 845-234-4852
Fax: 845-566-5148
Newburgh Law Office Map

Middletown Office
626 East Main Street
Middletown, NY 10940

Toll Free: 877-278-5062
Phone: 845-234-4852
Middletown Law Office Map