Pre Nuptial Agreements; What to Know
Have you ever wondered what a prenuptual agreement really means?
Simply put, it's a contract made before marriage outlining what happens if the couple divorces.
These agreements often cover alimony, protecting existing assets, and estate terms.
One key reason to have one is to protect pre-existing [music] assets like real estate or businesses.
It also helps both parties understand each other's financial picture before marrying. Importantly, it plans ahead for worst case scenarios when couples still get along.
In New Jersey, it's encouraged to sign these agreements at least 30 days before marriage.
Both parties having their own lawyer review the agreement is also highly recommended.
Full disclosure of assets and debts is necessary to make the agreement enforceable later.
This overview highlights why prenuptual agreements matter under New Jersey law.
If you're thinking about one, speaking with a New Jersey family law attorney is a good step.