Changes in how society approaches student loans, credit card debt and getting married later in life are all reasons that may encourage couples who are about to marry to discuss the possibility that the marriage may not last forever. Although it can be a sensitive subject to address, many New Jersey couples are recognizing the benefits of prenuptial agreements. While it was traditionally only considered when individuals had significant wealth to protect, many couples are finding there are other ways an agreement prior to marriage can be helpful.
A recent survey reports that 62 percent of attorneys say they have noticed an increase in the number of prenuptial agreements in the last three years. Attorneys also report that they have observed a recent increase in contentious divorce cases. Attorneys attribute the increase in prenuptial agreements to various things.
Some individuals may bring significant student loan debt or credit card debt into a marriage, resulting in the partner with little to no debt wanting protection from that debt in the event of divorce. If one individual assists with debt payments, a payback plan may be appropriate should a divorce occur later. Some prenuptial agreements also address different aspects of care for any children they have.
Marriage is difficult and some hard times are to be expected. Negotiations and the division of assets can be difficult during a divorce due to the hurt, emotion and pain of separation. Individuals who may want to protect various assets prior to marriage may wish to discuss options of prenuptial agreements with a family law attorney in New Jersey.