New Jersey Mid-Marriage Agreements Bring Peace of Mind
New Jersey mid-marriage agreements are growing in popularity because life becomes more complicated all the time.The complexities of balancing finances,employment, and raising a family often lead to concerns between married couples that are important enough to address legally.An attorney experienced in family law in Northfield, NJ can assist couples interested in creating a contract that addresses any issues.
What is a Mid-Marriage Agreement?
A mid-marriage agreement is a contract between a husband and wife that describes a legal arrangement for division of assets,financial support of spouse or children, or business asset protection if the couple were to divorce. Unlike a prenuptial agreement,the mid-marriage agreement can be written up any time after you get married.
One of the unusual features of the mid-marriage agreement is that it’s a contract that does not actually divide property or establish current financial arrangements. The terms of the agreement would not go into effect unless the couple actually divorces.
Why Get a Mid-Marriage Agreement?
There are issues that are so important they are deserving of legal protection when disagreements arise between spouses.
>> A spouse is worried about the financial instability of the marriage
>> A pre-nuptial agreement needs updating because financial circumstances have changed
>> Financial concerns about support for the couple’s children need to be addressed
>> Children from a prior marriage would need financial provision
>> Protection of a spouse’s business assets in the event of a divorce
Role of the Attorney
One of the important considerations an attorney working in family law in Northfield, NJ keeps in mind is that mid-marriage agreement negotiations can be more volatile.A spouse who feels compelled to seek a mid-marriage agreement obviously has serious concerns about something in the relationship.In addition,the laws are concerned that a mid-marriage agreement could be influenced by one spouse exerting influence or control over the other person.
For this reason,people interesting in a mid-marriage agreement should be mentally and emotionally stable.If one spouse is claiming domestic abuse or has a substance addition,the court will probably not consider the agreement as appropriate.Other facts the court will consider before approving such an agreement include:
>> The terms of financial arrangements in view of their fairness
>> Issue complexity
>> Events leading up to the formation of the agreement
>> If there are any objections by a spouse
In other words, the court wants some assurance this is a mutually agreement contract and that no coercion is involved.
The attorney practicing family law Northfield, NJ residents choose should be experienced and fully knowledgeable of this area of law.It is a still developing and sensitive area of law that must be approached cautiously and slowly. The mid-marriage agreement has the unusual characteristic of being a contract written at a time when divorce is considered a possibility by at least one of the spouses while the other spouse may still see the marriage as only viable.
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