Should You Say Yes to Prenuptial Agreements in NY?
Getting married calls for worrying about various things—from choosing the right venue to the perfect attire. It should be a once-in-a-lifetime, fun experience, and thinking about legal documents and contracts is probably not what you consider amusing. Why don’t you let us take something off your plate and give you one less thing to worry about?
We’ll explain everything regarding prenuptial agreements in NY and draw up your contract for you! That way, you can carry on with planning your big day, and we’ll take care of the legal stuff that no one wants to deal with.
DoNotPay can help you create numerous other agreements, such as a lease agreement or a trust agreement! If you need more info on a prenuptial agreement checklist or you want to see what the pros and cons of having one are, we provide you with all the details!
Understanding the Prenuptial Agreements in NY
A prenuptial agreement is a contract that couples make before they get married. It is made in a written form and used to outline the duties and rights of the future spouses.
If you are looking to draw up a prenuptial agreement in New York, here is some useful info you should know:
- The agreement has to be made before marriage
- The document takes effect as soon as you get married
- It has to be put in writing, and both parties have to sign it before a notary
Keep in mind that if you don’t meet any of the above-mentioned requirements, your agreement won’t be accepted by the court.
The prenuptial agreement can be annulled if one of the spouses:
- Signed the agreement under duress
- Was under 18 or mentally incompetent at the time of signing
- Defrauded the other party under the agreement
Can I Create a Prenuptial Agreement on My Own?
Drawing up agreements by yourself is possible but not advisable. Most info you can find online, including contract templates, isn’t accurate or reliable. While we can’t vouch for what comes up online, we can offer you the option of .
If you would rather draft the agreement on your own, we’ll give you all the necessary info on what you should specify in it:
- Right to property
- The distribution of assets and debts
- Right to control property
- Management of a family business
- Entitlement to death benefits
- Other matters you want to address
Right to Property
Discuss both marital and individual property with your significant other and decide if you will own it individually or as a couple.
The Distribution of Assets and Debts
Choose in what way the debts and assets will be distributed during the marriage or in the event of death or divorce.
Right to Control Property
You should clearly specify the right of each spouse to sell, transfer, lease, buy, or control property in any way here.
Management of a Family Business
Elaborate on each of the spouses’ rights when it comes to managing a family business. Discuss this with your partner, and once you reach a mutual agreement, write it down.
Include all the details about alimony, such as the spouse who will have to pay it, the amount in question, the duration, and everything else you find relevant.
Entitlement to Death Benefits
Specify the details regarding the death benefits from the life insurance policy of the other spouse.
Other Matters You Want To Address
If there is anything else you want your prenuptial agreement to contain, you can include it in the final section.
Looking for Easier Ways of Drafting Prenuptial Agreements in NY? DoNotPay Does the Job!
We are fully aware that drawing up legal documents is tiring and overwhelming. That is why we developed a feature that makes creating contracts a piece of cake! All you need to do is follow the simple instructions provided below, and you’ll gain access to your prenuptial agreement in no time! and follow the next two steps:
- Give us the name of the document or agreement you want to draft
- Provide us with additional info, such as the names and addresses required for the agreement
Once you finish the second step, we’ll draft your agreement, which you’ll be able to either print or download. Both you and the other party need to sign and notarize it, and you’re done!
If you need help with other documents besides the prenuptial agreement, count on DoNotPay to provide you with the easiest and fastest instructions and draft the following contracts for you:
|Business Agreements||Other Agreements|
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