Do Elderly Couples Need to Create a Prenuptial Agreement?

Elderly couples may wonder if it is worth their time to draft a prenuptial agreement before they are married. If you are getting married later in life and want to know more about the benefits of creating a prenuptial agreement, continue reading.

If you have any further questions or are looking for an attorney who can assist you in drafting a prenuptial agreement that will protect your assets and maintain your best interest, do not hesitate to contact our team. Barrows Levy PLLC is dedicated to providing quality services for each of our clients. To learn more about our family law services and how we can assist you, no matter the circumstances, give our firm a call today.

What is a prenuptial agreement?

A prenuptial agreement is a legal document that couples will use to declare how their asset will be split in the event of a divorce. It is important to understand that prenuptial agreements do not indicate an impending divorce. Instead, they are used by spouses to enter their new union with security and protection for a worst-case scenario.

Do elderly couples need to create prenuptial agreements?

It is a smart and responsible decision for elderly couples to create a prenuptial agreement before they are married. It is especially smart to do so because, at this stage in life, spouses have acquired years of saving, retirement funds, assets, and more. Like any couple, they will want to protect these hard-earned assets.

What makes a prenuptial agreement valid?

In the state of New York, a postnuptial agreement must meet the following qualifications for it to be considered valid and enforceable:

  • They must be fair and just to both parties
  • They must be signed in front of a notary
  • They must be accompanied by a full financial disclosure
  • Postnuptial agreements must be in writing
  • They must be signed by both parties voluntarily
  • There must be no evidence of manipulation, coercion, or emotional pressure by either party

If you are looking to create a prenuptial agreement before you enter a marriage, do not hesitate to contact our experienced Bay Shore divorce lawyer. Our legal team is prepared to assist you in drafting a prenuptial agreement that protects your assets and maintains your best interests. To learn more about how we can assist you, give our firm a call today to speak with our attorneys and schedule your initial consultation. We are looking forward to hearing from you.

CONTACT OUR EXPERIENCED NEW YORK FIRM

Barrows Levy PLLC is a dedicated New York law firm focused on providing quality legal services to clients in New York City and Long Island. If you require a lawyer who has notable experience handling family and estate planning matters, we are available to help. Contact Barrows Levy PLLC to schedule a consultation with one of our experienced attorneys today. 

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