A premarital agreement, sometimes called a prenuptial agreement or a prenup, is a contract that two individuals can make before they get married. In their contract, the parties can stipulate how they will handle some of the financial or property-based decisions they may be forced to encounter if they choose to later end their marriage in divorce. Premarital agreements can be entered into in New Jersey, or couples can wait until after they are married to create postnuptial agreements.
The purpose of a postnuptial agreement is the same as the purpose for a premarital agreement. The main difference between the two contracts is when they are executed. Couples that feel as though they could benefit from having premarital agreements in place but who wed before executing them may wish to consider looking into postnuptial agreement options.
Through a postnuptial agreement, the parties to a marriage can outline important financial considerations, such as how they may divide up debts acquired during their union, how they will account for children born from prior relationships and how they will divide up the responsibilities of work outside of and inside of their marital home. Postnuptial agreements can help couples find understanding about how the parties envision their relationship moving forward.
A family law attorney can support the needs of a married couple that would like to enter into a postnuptial agreement. As contracts require certain technical elements to be enforceable, it can benefit individuals to seek legal guidance when creating these important family law documents. A properly executed postnuptial agreement can provide clarity and guidance to married people in Clark, New Jersey.
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