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Getting married again? Consider a prenuptial agreement

A lot can be learned from a first marriage; what one likes, what one is willing to accept and how to protect oneself should he or she decide to get married again later in life. Those who are getting married again, whether they reside in New York or elsewhere, may have quite a few questions regarding the best ways to protect their assets moving forward. This is where a prenuptial agreement can prove extremely valuable.

Getting married later in life can have its ups and downs, just like any other marriage. However, there are a few more concerns going into these unions. These individuals tend to have more assets and children to consider. It is completely understandable for a person to wish to protect him or herself if the marriage fails to work out.

A prenuptial agreement can be drafted and customized in order to achieve this protection. These contracts can be extremely specific regarding one’s wants and wishes regarding physical property and monetary assets. Certain expectations for the marriage can also be included. Some things not to overlook when creating a prenuptial agreement might be:

  • Designating terms for living expenses
  • Determining what is to be marital versus separate property
  • Designating marital and separate monetary assets
  • Addressing any concerns regarding children

Those residing in New York or elsewhere can only help themselves by considering these and other issues when drafting and negotiating a prenuptial agreement. One should not be afraid to be too specific. Despite even the best of intentions, marriages do not always work out as planned, and that is okay. Seeking to protect oneself is simply a wise move in the event of divorce.

Source: mysanantonio.com, “Issues to Consider before a Second Marriage”, Paul Premack, Oct. 5, 2015

Important Information

COVID-19 (Novel Corona Virus)  Update 3-20-2020

By order of Governor Andrew Cuomo, beginning 3-22-2020, all non-essential business in New York state must close their physical offices in response to the rapid rate of positive reported cases of COVID-19 in New York State.

Although this will impact the in office and in person services that LIT can provide, we will still be working remotely from our homes to serve our existing clients and we will continue to serve the public on a remote basis with any new legal matters for which they may need assistance.

We as a nation have overcome great obstacles in the past and although the challenges that lie ahead of us as community, as a state, and as a nation are great, we will overcome them as our resilience as individuals, as a community and as a nation will allow us to prevail.

May all of you and your loved ones be safe and well .

Larkin, Ingrassia & Tepermayster, LLP

Should you have any questions please feel free to contact us at 845-566-5345

For more information regarding the COVID-19 virus please visit any of the following sites:

Centers for Disease Control and Prevention

NYS Department of Health

Orange County Dept. of Health

Ulster County Dept. of Health

For information and updates regarding court postponements or closings please visit:

NYS Unified Court System

9th Judicial District

3rd Judicial District