As someone who works hard for your money and other assets, it’s only natural that you’d want to protect them from the pitfalls of a divorce. Fortunately, many couples can do just that by drafting prenuptial agreements. That said, though you can protect what you already own in a prenuptial agreement, you may wonder whether you can also protect future earnings in a prenup. Please continue reading and reach out to our experienced Bergen County prenuptial agreement attorneys to learn more. Here are some of the questions you may have:
Can I protect my future earnings in a prenup in New Jersey?
Yes, you can. As long as you outline provisions in your prenuptial agreement that specifically include future wages and other specified earnings, you can absolutely protect them from a future divorce. This is especially useful to those who have a significant amount of wealth or are certain to accumulate a great deal of wealth in the future, such as business owners.
What else can I protect in a prenup?
Prenuptial agreements are extremely useful and versatile documents in that they can cover quite a lot of ground. For example, prenuptial agreements can do the following:
- Outline exactly what property you may keep, should you ever get divorced
- Outline a future alimony agreement, should you get divorced
- Protect inheritances
- Protect real estate
That said, you should note that there are certain things prenuptial agreements cannot do. For example, you cannot outline a future child custody arrangement. You also cannot outline a future child support agreement. That aside, when it comes to financial assets, prenuptial agreements can go quite a long way.
Can I draft a prenup in New Jersey if I am already married?
If you are already married, unfortunately, you cannot still draft a prenuptial agreement. However, you do have the liberty to draft a document known as a postnuptial agreement., which will serve the same basic purpose as a prenuptial agreement. Though asking your spouse to draft such an agreement after you’re already married may be a difficult conversation, for many, it’s the common-sense thing to do.
If you have any further questions about either of these agreements or you would like to draft one with your spouse or future spouse, please do not hesitate to reach out to a competent Bergen County family law attorney from McNerney & McAuliffe today. We are here to guide you through each phase of the process ahead.
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