Misconceptions on Premarital Asset
In New Jersey, premarital assets remain premarital assets; but there´s a lot of grey areas in the law with regard to premarital assets. If you have a house, the increasing value can go up in value due to the market which is what we call a passive increase or it can go up in the value, or you gain more equity in the house by doing payment principal pay down.
Benefits of a Prenuptial Agreements
But a prenuptial agreement can set forth a formula as to how that it´s going to be handled, and that will help streamline the costs of the divorce because there are fewer issues to argue over.
Contact Morris County Divorce Lawyers to draft your prenuptial agreement today
At The Law Office of Townsend, Tomaio & Newmark, our family law attorneys have extensive experience serving clients across Morristown, Chester, Mendham, Chatham, Harding, and the greater Morris County with their legal concerns pertaining to palimony, cohabitation agreements, and non-marital agreements. We take each case on an individual basis, and work with and for our clients to understand what would be the most beneficial outcome for them and their families.
At The Law Office of Townsend, Tomaio & Newmark, our priority today is protecting your tomorrow. To speak with our legal team in a free and confidential consultation regarding your needs as an unmarried couple, and the creation, modification, or enforcement of a prenuptial agreement, please contact us online, or through our Morristown office at (973) 840-8970.
