Mortgage News

Here’s who needs a prenuptial agreement to protect real estate assets

Prenuptial agreements can be a great tool for protecting a married couple’s assets if they divorce.. Here is the list of ways you can protect (at least some of) your money and assets without a.

Prenuptial Agreements Help Protect Premarital Assets If you are engaged to be married in New Jersey, a New Jersey Prenuptial Agreement (also referred to as a premarital or ante-nuptial agreement) can be an extremely important planning tool.

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Featured In. A prenuptial agreement ("prenup" for short) is a written contract created by two people before they are married. A prenup typically lists all of the property each person owns (as well as any debts) and specifies what each person’s property rights will be after the marriage.

A dissolution of marriage could result in a non-familial ex being entitled to a significant portion of the farmland and assets, potentially dooming an operation that’s been in the family for decades. Because there’s so much at stake here, let’s walk through five reasons why a prenuptial agreement just makes sense in farm families.

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Just as a prenuptial agreement can be used to protect a spouse who is well off, a prenup can also be used to ensure that the partner who is weaker financially is protected." This is exactly why women marry men they don’t love but see the material things and money they can get a JUDGE to award them down the road.

Does a prenuptial agreement protect future assets or income? So, does a prenup protect future assets? Short answer: yes. Long answer: It’s complicated. Yes, a prenup can protect future assets, but the future assets need to be explicitly detailed in the agreement or else the court can waive any vague verbiage that doesn’t specifically outline who the ownership goes to.

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Consider a ‘postnup’. A postnuptial agreement is similar to a prenup, but created after a couple marries. Postnups can be especially helpful when couples want to divide things up differently – either in a divorce or in their estate plans – than their state laws would otherwise dictate. (Just one example: In most states,