Micklin Law Group

Family matters are tough for men - make sure your lawyer is too

973-562-0100 | 862-245-4620
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Nutley | Montclair
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973-562-0100

973-562-0100 | 862-245-4620
Text Us Now
Nutley | Montclair
  • Facebook
  • LinkedIn
  • Twitter
  • YouTube

973-562-0100

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If You Love Me, Why Ask Me to Sign a Prenup?

December 21, 2015 By Brad Micklin

Many couples will come to a point in their relationship when they want to get married. This is supposed to be a very exciting time, but there are also some concerns going into a marriage because you will now be legally bound to the other person. Not only will you be married, you’ll be splitting marital assets, and any money you make or assets that you purchase will now be marital property.

Getting_Married_Get_a_Prenup_Nutley_NJ.jpgIf you have a business, matters become even more complex as a result.

Asking your significant other to sign a prenuptial agreement can result in a lot of resentment. Oftentimes, partners make one simple argument: “if you love me, why ask me to sign a prenup?” This can be a very trying time in any relationship, and you want to reinforce the importance of a prenuptial agreement for both parties involved.

The following four reasons will help you explain the importance of this agreement:

1.     Personal Liability Limitations

In the event that one spouse owns a business, there will always be the concern of personal liability. When you sign a prenuptial agreement, you will be able to isolate yourself from liability by stating that the business is the sole property of your spouse or yourself.

This can help limit your personal liability in the event that a business is sued.

2.     Prevent Personal Business Liquidation

Another business benefit of this agreement is that the business that you own will not be owned within the marriage. You don’t want your spouse to be entitled to the entire business, which may cause you to have to liquidate the business upon your dissolution of marriage.

You can consider this a pre-marital asset so that you still remain owner of the business if the marriage is dissolved.

You may have to pay money during a divorce despite the agreement on income earned from the business during the marriage.

3.     Limit Potential Spousal Support

Spousal support can be astronomical in price if a person is wealthy. This is why many celebrities will get a prenuptial agreement made before marriage. This helps minimize the amount of spousal support that you’ll be required to pay after divorce.

Limiting spousal support allows you to maintain your lifestyle following a divorce, and doesn’t result in a financial crisis following the divorce.

The Micklin Law Group, LLC is a New Jersey law firm focusing exclusively on family law for men and fathers. Attorney Brad Micklin was recently named to The National Advocates list of Top 100 attorneys from each state. To set up a consultation, call 973-562-0100.

Filed Under: Brad M. Micklin, Division of Property, Family Law, High-Asset Divorce

Brad Micklin

About Brad Micklin

I am the lead attorney and managing member at The Micklin Law Group, LLC. For more than 20 years, I have helped men through some of the toughest, most emotional experiences in their lives, including in high conflict divorces and child custody battles. I have extensive experience in the courtroom and have gained additional experience and knowledge through advanced family law courses and training in handwriting analysis, body language and advanced micro expression. Read More >

The Micklin Law Group, LLC

187 Washington Ave, Suite 2F
Nutley, NJ 07110
28 Valley Road, Suite 1
Montclair, NJ 07042

Contact Us

Nutley: 973-562-0100
Montclair: 862-245-4620
Fax: 973-556-1732
brad@micklinlawgroup.com
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