- Real estate. Let’s say you bought a house before you met your fiancé. After the wedding you intend to both reside in the home. In the event of a divorce, is this property a marital property or a separate asset? To avoid the gray area that family homes can fall into, creating a prenuptial agreement is an easy way to legally outline what will happen to the home in the event of a dissolution of the marriage.
- Business interests. To keep business ownerships and business shares from divorce asset decision, a prenuptial agreement can clearly define these types of investments and income as separate or it can outline the specific percent a spouse would be entitled to claim.
- Bank accounts and credit cards. If you have a significant savings account, perhaps containing inheritance funds, or you have a fiancé who made the mistake of overspending on his or her credit cards a few years back, a prenuptial agreement can specify these individual bank accounts and personal debt, that they remain separate in the event of a divorce.
- Personal property. If you have antiques, a personal collection of artwork,or furniture that you bought well before the marriage, to avoid any confusion in the event of a divorce, outline ownership of personal property to avoid haggling and heartache down the road.
Bari Zell Weinberger is the owner and managing partner of Weinberger Law Group in New Jersey. She is Certified by the Supreme Court of New Jersey as a Matrimonial Law Attorney.