New York Prenups – What Can They Do?

A New York prenup or pre-nuptial agreement is an agreement that sets forth the rights and expectations of the parties during the marriage, in the event of a divorce or upon the death of a party.

Many people initially consider a prenup because they are concerned about a house they own or want to make sure that the business they have built or the income they earn won’t go to their spouse in the event of divorce.

This is just the tip of the prenup iceberg.

In your prenup you can deal with the following types of issues and more:

• rights to the marital residence and other real property (or real estate)
• the definitions of separate and marital property
• rights to salaries, pensions, gifts and inheritance
• tax returns and elections
• the funding of a checking account for household and living expenses
• the funding of a savings account for one party
• payment of debts
• medical and dental expenses and insurance
• the having or adoption of children and their upbringing
• treatment of children from prior marriages
• custody and support of children in the event of a divorce
• division of joint or marital property
• lump sum or periodic payments in the events of a divorce or death of a party
• waivers of rights of election, alimony and maintenance; agreements regarding testamentary dispositions
• maintenance of life insurance; financial statements and disclosure of assets; attorney’s fees
• “Bad Boy” or “Bad Girl” clauses that assess a consequence in the event of adultery or other behavior

If you are interested in learning more about New York prenups, call our office at (866) 830-2064 to schedule your free consultation today.