When you’re ready to take the next step with your partner it is a wise decision to consider a prenuptial or relationship agreement. Prenuptial agreements, or prenups, have the reputation of only being used by the ultra-wealthy or celebrities. In recent years it’s become more common for sensible couples of any means to create a formal document of obligations and responsibilities with their partner.
Whether it’s your idea or your partner’s, a prenuptial agreement can be an effective way for both future spouses to protect their pre-marriage assets, families, and privacy should there be a separation or divorce.
You might think that after the wedding any pre-nuptial agreement or lack thereof is set in stone. That’s not always true. If your situation has changed right after the wedding or even years later, both PA and NJ couples can enter into a post-nuptial agreement.
Non-married couples who choose cohabitation should consider a palimony agreement. In these contracts unmarried couples can decide on financial contributions, family planning, and asset division as well as clearly establish responsibilities in regard to your home, privacy, and pets.