Common Myths Surrounding Prenuptial Agreements in New York

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Common Myths Surrounding Prenuptial Agreements in New York

When it comes to prenuptial agreements, there are a lot of misconceptions. Read on to learn about some of the most common myths surrounding prenups in New York.

What is a Prenuptial Agreement?

A prenuptial agreement is a document that declares how your and your spouse’s assets will be divided in the event of separation, divorce, or death. If a divorce occurs, a prenuptial agreement can help couples avoid a lengthy and expensive litigation process.

What are some of the Most Common Myths Surrounding Prenups?

A prenuptial agreement can be beneficial for a number of reasons. Unfortunately, many couples avoid creating prenups due to some of the common myths surrounding them. Some of these myths include:

A prenup indicates an unstable marriage

Some couples feel wary about creating a document that plans for the end of their marriage. The truth is, a prenup in no way indicates an unstable marriage or an impending divorce. Instead, it indicates a responsible couple planning for all future possibilities. Signing a prenup can help ensure that both parties feel safe and secure when entering this new chapter of their lives.

A prenup is not necessary- we can keep our assets separate

In the event of a divorce, the couple’s assets will be divided through the process of equitable distribution. This means that your assets may not be split 50/50 but instead will be split in a way that is fair to both parties. When it comes to equitable division, marital property will be divided, but separate property is generally off the table. Marital property refers to property that was acquired during the marriage, whereas separate property was obtained before the marriage, or during the marriage but purposely kept separate. It is important to know that separate property can become marital property. For example, if you own a home but your spouse moves in and helps make mortgage payments, the house becomes marital property and is subject to equitable division. Without a prenuptial agreement, it can be difficult to keep separate property separate.

There is no imbalance when it comes to assets, so we don’t need a prenup.

Some couples believe a prenup is only necessary for especially wealthy couples. Additionally, some believe you only need a prenup when one spouse has substantially more assets than the other. Both these assumptions are false. A prenuptial agreement can benefit anyone who has any assets they want to protect.

If you are interested in creating a prenuptial agreement, contact our experienced firm today.

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I hired Susan to represent me in a divorce matter where I was fighting for custody and to limit my wife's equitable share of our assets. I won custody of our son, kept the marital residence, kept my professional practice, kept my building and paid less than half to my wife. This was after a long-term marriage. She could persuade the court that equitable is not equal and sometimes the man does deserve to win!

‐ Dave

I first must say that I had been represented by two prior attorneys both of whom had simply taken my money and left me nothing to show for it in my custody case. They kept telling me what they were doing for me but I found out they were lying. Susan on the other hand had gotten me temporary custody and support for my children and myself within two months of hiring her. I cannot say enough about her.

‐ Craig

After talking to a few other attorneys, I hired Susan to represent me in my divorce and custody dispute. I was reluctant to go with her because she was the cheapest out of all the other attorneys I met with, but I'm so glad I did. I am 100% positive no one else would have done such a great job with my case as Susan and her staff. Her work is quality, her staff is reliable and her character is honorable. There...

‐ Linda

I had a very difficult case where I had already burned through two attorneys who were unable to get me custody of my children and complete my divorce. Susan was able to rapidly work out an agreement and not let it just malinger on like my previous experiences. She was also considerate of my financial situation unlike all of the other lawyers I had spoken to. I highly recommend her if you want complete and caring service with an in-depth knowledge of...

‐ Joanne

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The Law Offices of Susan A. Kassel, P.C. proudly serves clients throughout Suffolk County, New York in their divorce, family law, and estate planning matters. If you require the services of an experienced Suffolk County attorney, schedule a consultation with The Law Offices of Susan A. Kassel, P.C. today.

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