Some people in New Jersey who are getting married might want to consider a prenuptial agreement. The American Association of Matrimonial Lawyers reports that almost two-thirds of respondents to their survey said there had been a rise in clients requesting them. They are no longer simply for wealthy individuals.
Family wealth is one reason a person might want a prenup, and some people might experience pressure from their family to have one. Owning a business is another reason. However, even people who have debt or little money when they marry may want a prenup if they plan to start a business or go into a lucrative field of work. Otherwise, they may accumulate a great deal of wealth during the marriage and regret being unable to protect it in a divorce.
A prenup can also offer an additional layer of protection for children from a previous relationship in case of not just divorce but death. It can also protect a spouse, particularly if the other person comes from a wealthy family and it might be difficult for the surviving spouse to access some assets without the prenup. Finally, a prenup can make the divorce process quicker and less difficult. In addition to property division, it might also address alimony although it cannot address child support and custody.
Couples who do not have a prenuptial agreement and who later decide they want to establish a plan for property division may want to create a postnuptial agreement. Whether it is a pre- or postnuptial agreement, individuals may want to work with an attorney to ensure that they prepare the document correctly. A prenup or postnup might be dismissed in a divorce if it appears that one person was coerced into signing it.