Entry viii · Prenups
The prenup talk, minus the drama
Prenups
The prenup talk, minus the drama.
- Issue
- Is a prenup only for the wealthy?
- Rule
- In New York, a prenuptial agreement must be in writing, signed by both parties, and acknowledged the same way a deed is.
- Translation
- It's a plan, not a prediction.
A prenup can cover how property is divided, what happens to a business or an inheritance, and whether maintenance will be paid.
The signing formalities matter. An agreement that wasn't properly acknowledged can be thrown out, however fair its terms look.
Start early. Each of you should have your own lawyer, and both of you should lay out your finances. A rushed signing the week of the wedding invites a challenge later.