Prenuptial agreements, also known as prenups, are contracts that determine how a couple’s assets will be divided in the event of a divorce. These agreements are becoming more common, especially among millennials who have waited until later in life to get married and have more assets and life experience to consider. A prenup can be a wise investment, as it can save money and time in the event of a divorce.
Prenuptial agreements are different from postnuptial agreements, which are entered into by spouses after the date of marriage. Both prenups and postnups are legally binding and enforceable documents in New Mexico if they are created with the knowledge and adherence of state law.
There are several reasons why people may want to consider getting a prenup. If you own a business, a prenup can help protect it in the event of a divorce. If you have a significant inheritance or retirement benefits, a prenup can ensure that these assets are protected. Additionally, if you have debt or are concerned about protecting your separate property, a prenup can help address these issues.
If you’re considering getting a prenup, it is important to work with an experienced attorney like those at Justice Legal Group. Our team can help you understand the process and ensure that your rights are protected. We offer hourly billing and can work with you to create a prenup that meets your needs and goals.
No one wants to think about the possibility of a divorce, but a prenup can provide peace of mind and protect your assets if one occurs. If you’re considering getting a prenup or have any questions about the process, we encourage you to contact Justice Legal Group to learn more by calling us at 505-880-8737.