Select Page

Do You Need a Long Island Prenuptial Agreement If You Have No Assets?

by | May 28, 2019 | Prenuptial Agreement, NY

Many people on Long Island believe that prenuptial agreements are for affluent or older couples who have prior assets and are entering into marriage. They believe that since they’re young and have few assets, a prenup isn’t for them. However, this isn’t usually the case. Prenuptial agreements can put protections in place for all soon-to-be wed couples, even if they don’t have a lot of money to their name. Here’s what you need to know about Long Island prenuptial agreements and how one can protect your interests, well-to-do or not.

Free New York Divorce Lawyer Consultation

Reduce the Chances of a Contentious Divorce

A perfectly peaceable divorce can turn ugly quickly without a prenuptial agreement in place. A prenup can outline how you will proceed with a divorce should you decide to dissolve your marriage later, such as how assets that you own (even if you don’t have them now) will be allocated. This reduces the chances that things will become aggressive because there’s less to argue about. Many of the agreements have already been made and are in writing if a prenup is in place.

Protect Yourself Financially in the Event of Separation

Often, there is some income disparity between spouses at the time of a divorce. This becomes more significant when one spouse stays at home to take care of the children and cannot pursue further education or career opportunities as a result. In the event of a divorce, the lesser earning spouse is at a significant financial disadvantage and may not be able to survive independently. A prenuptial agreement can put provisions in place if this occurs, establishing the duration and amount of agreed-upon alimony payments.

Establish How Debt Will Be Paid

If your soon-to-be spouse is coming into the marriage with debt and you get divorced, that debt may then become both of your debt, unless you have a prenuptial agreement in place that says otherwise. Establish how debt you each bring into the marriage will be paid, as well as debt you accumulate together during the marriage.

Guard Future Accounts

You may not have many assets now, but that doesn’t mean you won’t in the future. A prenuptial agreement can guard future retirement accounts and pensions provided to you by your employer, even before you have them.

Protect Children from Previous Relationships

If you are coming into the marriage with children from a previous partner, it’s important to include them in your prenuptial agreement. The agreement can help you protect your children by excluding particular assets or property from division if you and your spouse separate. For example, if your children have their own college savings accounts set up by grandparents, a prenuptial agreement can exclude those from divisible property.

Contact Our Divorce & Family Law Firm for a Prenuptial Agreement

If you are considering getting married, it’s important to explore the benefits of a prenuptial agreement, whether you have significant assets or not. Don’t subscribe to the antiquated idea that prenups aren’t romantic or you “don’t really love someone” if you get one. Neither of these statements are true. What is true, however, is that prenuptial agreements can afford you and your family numerous protections if your marriage does unfortunately end in divorce. No one wants a divorce, but failing to plan for one can leave you scrambling if you find yourself in the middle of one.

Contact our experienced Long Island family law firm today to learn more about prenuptial agreements and to get help drafting an agreement that works for your family. Call to schedule your free consultation at 631-923-1910.

For more information about Prenuptial and Postnuptial Agreements, please read Your Guide to Long Island Prenuptial & Postnuptial Agreements



Call 631-923-1910 or fill in the form below

Schedule your complimentary consultation and case evaluation with our experienced attorneys today. When you call, you’ll speak to our friendly Client Services Director, who will be able to answer your general questions and set up your appointment with an attorney who specializes in your unique case.

At your meeting, your attorney will describe the many options available and determine together which is the right solution for you. By the end of this meeting we’ll all understand how we can best help you to move forward.

No Cost or Obligation

There is no cost or obligation for this initial consultation. It is simply an opportunity for us to get to know each other, answer your questions and learn if Hornberger Verbitsky, P.C. is right the right law firm for you. Give us a call at 631-923-1910 or fill in the short form below to schedule your free consultation and case evaluation.

All Fields Are Required

Divorce Lawyer Long Island New York
Google Review of divorce longisland
Melissa Rappa
Melissa Rappa
18:09 08 Feb 24
At one of the hardest and most stressful times of my life, it was so comforting to have a team at Hornberger and Verbitsky who ALWAYS responded in record speed to my questions, phone calls, emails or texts and who I felt really cared about helping me through this difficult time. It was a long few years and I am grateful to all of you. Thank you so much Rob, AnneMarie, Christine, Patty, Joan and Lawrence. Your guidance, professionalism and expertise is appreciated beyond measure.
Paul Carmichael
Paul Carmichael
16:21 11 Dec 23
I would give 6 stars if I could. I can't say enough good things about Robert and his firm. We were in a situation for over 2 years and I could have never made it through without Robert's experience and knowledge. He guided me through tough times when needed and his expertise could "read" the situation and make the next best move for me. He was tough when he needed to be tough (thankfully) and at the same time guided me through the process to make me feel comfortable in an uncomfortable situation. I would not want to go through this process without Robert and his team having my back. he helped move the case along and not waste any time or money. One last time, I 100% endorse Robert and his expertise.

Successful Divorce Strategies Free eBook
Child Support & Spousal Maintenance Tools
Spousal Maintenance Calculator
Child Support Calculator
Hornberger Verbitsky, P.C. respects your right to privacy. We will never sell your information to any third party. Follow this link to read our full privacy policy.