Millennials are subjected to a number of negative stereotypes. Older generations say they are lazy, entitled and careless in ways they were not. However, the fact is that for many millennials, these descriptors could not be further from the truth.
A prenuptial agreement is one of the most important documents you might create in your lifetime. It can help protect your property and other assets before entering into a marriage. This is a document that can be amended during the life of the marriage, but it must be done so according to the law in New York.
If you are headed for a walk down the aisle, you are likely thinking about everything under the sun. But, are you thinking about legal documents? Marriage is a big life decision and should be treated as such when it comes to legal issues. One common legal document involved in marriage is the prenuptial agreement. So, how do I know if a prenuptial agreement is right for me? We will tackle that burning question today.
Prenuptial agreements are a good idea for someone getting married the first time. They are a great idea for someone entering into a second marriage. This is really important if you are remarrying during your senior years. Protecting assets in a second marriage can be done with a prenuptial agreement even if your new spouse is in the same financial situation as you.
Prenuptial agreements are becoming more common these days and don't have the stigma they once had. In fact, many couples are signing prenuptial agreements even when they believe that they will stay married until death do them part. Even though marriage should be built on trust and romance, it really is a business agreement between two people. Let's look at both the pros and the cons of signing a prenuptial agreement.
It is believed that approximately four in 10 new marriages involve at least one individual who has been married previously. Remarriage later in life, though a wonderful thing, carries with it some financial risks for oneself and any children one has had through previous relationships. For those in New York and elsewhere who have found love again, it is okay to want to seek out the appropriate legal protections before walking down the aisle. A prenuptial agreement may be just the ticket.