Prenuptial agreements are increasingly common

Prenuptial agreements used to be an unthinkable subject - one that when broached, created emotional conflict or bad feelings between soon-to-be-spouses. But thanks to a younger generation, they've become more commonplace and less taboo.

A prenuptial agreement, also called a prenup, is a legal document that creates a framework for a couple's financial picture and preferences in the event of divorce. A prenup can safeguard your property, make your financial intentions transparent and ease any tension there might be around money.

Who needs one?

More and more, couples are looking at a prenup like an insurance policy. Younger people are getting married at an older age and may therefore have more assets to consider and protect. Additionally, both spouses are working, so a prenup is mutual protection and approached in the way of a team effort.

Since you're entering into a legal and financial relationship, why not protect it as such? A prenup isn't just for those with money. It can also be a benefit if you:

  • Have a previous marriage that may include children or spousal support
  • There's a discrepancy between how much wealth you each have (one has a lot, one has a little)
  • Own a business
  • Have significant debt (or your fiancĂ© does)
  • Have large retirement accounts

When marital property is divided in New York, it's divided equitably, but this doesn't always mean fairly. Anything acquired during a marriage is considered marital property and that includes retirement accounts and the like. It's a good idea to protect yourself, and your assets, with a prenuptial agreement to keep your financial expectations clear.

No Comments

Leave a comment
Comment Information
Email us for A response

Let's Do This TogetherStart Here With a Confidential Consultation

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

  • Super Lawyers- 2018
  • Avvo Rating Excellent Featured Attorney Family
  • Bar Association of Erie County
  • The Florida Bar Board Certified

Keith B. Schulefand, Esq.
1301 North Forest Road
Suite 2
Williamsville, NY 14221

Toll Free: 888-499-1552
Phone: 716-568-4453
Williamsville Law Office Map