Matrimonial and Family Law Blog

Sunday, August 21, 2016

Things You Should Consider Before Asking for a Prenup

Should I ask my fiancé to sign a prenuptial agreement?

Millennials have been dubbed a “prenup generation.”  Prenuptial agreements are more popular than ever, according to the American Academy of Matrimonial Lawyers (AAML).  Their survey of 1,600 divorce attorneys revealed an overall increase in prenups during the last three years, with most clients electing to sign a prenuptial agreement in order to protect their separate property.  Many millennials watched their parents or grandparents get divorced and want to save themselves from the cost, time, and heartache of arguing over assets.  Before you ask your future spouse for a prenup, consider the following:

Prenuptial Agreements Are About More than Divorce

Asking your fiancé for a prenup is not an easy topic to broach, but handling the matter delicately can lead to a thoughtful conversation that may benefit your relationship in the long term. First, it is important to recognize that prenups can be useful for any couple, regardless of your income or assets.  Prenuptial agreements will help you to decide before marriage whether you will have separate or joint bank accounts, who will manage the finances, and whether one of you will stay home with your future children.  While it is imperative that anyone with a substantial income or those on a second or third marriage sign a prenuptial agreement, it can be extremely helpful for all couples to jointly sign such an agreement. 

Prenups are not just a conversation about divorce; you can use them as a gateway to discuss your future together.  Marriage and financial expectations are important to talk about before marriage.  It can help to prevent divorce down the road.  For those couples that do eventually split, a prenuptial agreement can help to facilitate a fair and agreeable divorce.  Explain the positive aspects of a prenuptial agreement to your fiancé if you decide to take this avenue and be open to honest conversations about your marriage and future. For experienced assistance with your prenuptial agreement, contact the New York matrimonial attorneys at Gassman Baiamonte Gruner, P.C. today by calling (516) 228-9181.  

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