Relationship Agreements & Prenups in New Jersey
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Relationship Agreements in New Jersey
Prenuptial Agreements or "Pre-Nups"
When you enter into a new relationship and that relationship evolves over time into a soon-to-be marriage, we recommend creating a Relationship Agreement, generally known as a "Pre-Nuptial" Agreement, to protect your interests as well as the interests of your future spouse. While the idea of one day leaving your blossoming relationship might seem unimaginable (and we hope it never happens), sometimes circumstances change - and other times people do.
Establishing a pre-marital agreement is one of the best methods of safeguarding pre-marital assets, meaning any property interests (including money and investments) you've acquired prior to your marriage. Courts in New Jersey generally enforce these agreements when properly created, ensuring your interests are exempted from division. However, prenuptial agreements can also help outline you and your future spouse's basic obligations, rights, and privileges in the marriage. Further, if you two one day did choose to divorce, the items outlined in your pre-existing prenuptial agreement might help to expedite your divorce, ease tensions, and possibly reduce attorney fees later on. That said, because the Agreement will endure through the entire duration of your marriage, we strongly advise you to contact a qualified Family Law firm such as Simon Law Group, LLC to ensure a legally-sound, comprehensive Agreement that can be properly enforced in court.
If you own significantly more than your future spouse, or if you earn substantially more, you may want to consider a Prenup. Likewise, if you expect to receive a large inheritence, or if you are the named beneficiary of a Trust, you should consider a Prenuptial Agreement. Additionally, if your partner has major student debt or burdensome loans, we strongly recommend creating a Prenuptial Agreement. You might also wish to create a Prenuptial Agreement if you have children prior to the marriage or if you've been married before.
Potential Benefits of a Pre-Marital Agreement
- Reduced Litigation and costs in the event of a Divorce;
- Alimony Waiver;
- Complete Protection of Pre-Marital Assets; or
- Predetermined Division of Pre-Marital Assets in the event of a Divorce
Protectable Assets
In NJ, you can include any of the following assets in your Pre-Marital Agreement:
- Real Property (meaning any homes or land you own)
- Investment Accounts
- Trusts or other Estates
- Business Interests
- Business Assets
- Overseas and Foreign Assets
- Other types of Property
However, all of your assets must be openly disclosed at the time you and your future spouse create the Agreement. Likewise, your future spouse must also consult his or her own attorney to review the Agreement, and he or she must voluntarily agree to the terms and conditions without duress of any kind, including time pressure.
Once each of these conditions are met, you can essentially create any terms and conditions as you and your attorney reasonably see fit. If you're engaged and are seeking peace of mind for your future financial security or for the financial security of your children, family, business partners, contact us today and let us help you develop a strong relationship agreement that can safeguard your interests while simultaneously benefiting you and your future spouse by reducing future costs and burdensome litigation in the event of a divorce.
100% FREE CONSULTATION
If you're looking to create a Relationship Agreement, contact us today for a no-cost consultation with one of our Family Law attorneys.
New Jersey Family Courts we appear in regularly:
Bergen County
Justice Center, Room 119
10 Main Street
Hackensack, NJ 07601
(201) 527-2300
Essex County
Family Division Dissolution Unit
Wilentz Justice Complex, Room 113
212 Washington Street
Newark, NJ 07102
(973) 693-6710
Family Division Non-Dissolution Unit
Wilentz Justice Complex, Room 1365
212 Washington Street
Newark, NJ 07012
(973) 693-5560 or (973) 693-5520
Hudson County
Family Intake Team
Administration Bldg., Room 203
595 Newark Avenue
Jersey City, NJ 07306
(201) 795-6777
Hunterdon County
Family Case Management Office
Hunterdon County Justice Center
65 Park Avenue
Flemington, NJ 08822
(908) 237-5920
Mercer County
Family Case Management Office
175 S. Broad St., 2nd Floor
P.O. Box 8068
Trenton, NJ 08650-0068
(609) 571-4200
Middlesex County
Family Part Intake Reception Team
Family Courthouse
120 New St., Room 111
P.O. Box 2691
New Brunswick, NJ 08903-2691
(732) 519-3242
Monmouth County
Family Part, Courthouse
71 Monument Park
P.O. Box 1252
Freehold, NJ 07728-1252
(732) 677-4050
Morris County
Morris County Family Division
Morris County Courthouse Family Intake
Washington and Court Streets
P.O. Box 910
Morristown, NJ 07963
(973) 656-4000
Somerset County
Family Case Management Office
Courthouse, 2nd Floor
P.O. Box 3000
Somerville, NJ 08876-1262
(908) 231-7600
Sussex County
Sussex County Family Division
Sussex County Judicial Center
43-47 High Street
Newton, NJ 07860
(973) 579-0630
Union County
Dissolution Assignment Office
New Annex Bldg.; Courthouse
2 Broad Street
Elizabeth, NJ 07207
(908) 659-3314
Warren County
Family Division Dissolution Unit
Courthouse
413 Second St.;
P.O. Box 900
Belvidere, NJ 07823-1500
(908) 475-6150
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