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Posts tagged "Property Division"

What to do and avoid to create a valid prenuptial agreement

Like most other states, New Jersey allows couples contemplating marriage to enter in to prenuptial agreements. These agreements, which, incidentally, can also be beneficial even to couples that have never been divorced and have no plans to divorce, help with important property division issues and can also be an important tool for estate planning.

End joint bank accounts and credit cards with the marriage

Over the years of marriage, couples in New Jersey amass a good deal of assets, some of which are very valuable. While of course some assets, such as the family home, are tangible, there are other, less tangible assets, such as bank accounts. However, bank accounts can be a very valuable asset that a couple jointly owns during the marriage. Therefore, spouses in New Jersey going through the property division process should consider how their joint bank accounts are closed.

Don't forget the engagement ring in a prenup

A prenuptial agreement can prevent many disputes and litigation costs over property division in a New Jersey divorce. Any advantages are more likely if these agreements are well-drafted and address property that has the potential for a dispute. When negotiating and drafting these agreements, future spouses should also consider property that usually does not come to mind.

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