What Is A Pet PreNup and Should You Get One

Most people have heard of a prenuptial agreement, more commonly known as a “prenup.”  Now, some soon-to-be married couples are entering into what is being called a “petnup”, which is a prenuptial agreement involving pets.

A petnup will determine what happens with a pet if a couple divorces or separates. Similar to a prenup, a petnup is a written agreement that a couple will sign before they get married (although, like a post-nuptial agreement, an agreement could also be signed after marriage).

A petnup is recommended because it allows a couple to determine the fate of their dog, cat or other pet prior to a potential divorce, when emotions are high. A petnup will also allow a couple to avoid having a Judge make a decision about their loved pet. A petnup will also save a couple litigation fees.

David Badanes, Esq. and the Badanes Law Office, P.C. has years of experience in drafting prenups and is now helping soon-to-be-married couples in drafting petnups. If you are getting married and are concerned about who will get your pet, David Badanes can help you with a petnup. The Badanes Law Office has offices in Northport, Suffolk County and in Uniondale, Nassau County. Call (631) 239-1702 to schedule your FREE consultation.

More Millennials Are Getting Prenups – Here’s Why

More and more millennials are getting prenuptial agreements. Unlike the past, millennials do not view a prenuptial agreement as a taboo or as a negative. So what is a prenuptial agreement?

A prenuptial agreement, commonly referred to as a prenup, is a legal document that dictates how a married couple will divide their assets and also how their debts are handled in case of a divorce.

There are many reasons why millennials are entering into prenuptial agreements. One reason that I have heard is that instead of New York State decide how your assets and debts would be handled in a divorce, you can make those decisions. In other words, you have control instead of New York State.

Another reason is that millennials are getting married later in life then generations before them. Millennials (and anyone else who is older) tend to have more assets. They want to make sure that those assets are protected in case of a divorce.

A few other reasons:

  • Female Millennials tend to have more financial information and assets than females in the past.
  • Student Loans: Unfortunately, millennials also tend to have student loans. With a prenuptial, you can make sure that only the person who has the student loan will be responsible to pay it back.
  • Growing up with Divorced Parents; Many millennials grew up with divorced parents. They recognize that not all marriages last forever.

David Badanes, Esq. and the Badanes Law Office have helped many millennials in creating a prenuptial agreement that works for them. If you are about to get married and have assets you would like to protect, contact David Badanes and the Badanes Law Office, P.C. David Badanes and the Badanes Law Office’s phone number is 631-239-1702, email at david@dbnylaw.com or visit our web site: www.dbnylaw.com. The Badanes Law Office has offices in Northport and Uniondale.

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Are My Financial Assets from Pre-Marriage Safe from Divorce? Video

My name is David Badanes.  I concentrate in Matrimonial and Family Law with offices in Northport and Garden City.  Today, I am going to answer the following Question: Are my financial assets from pre-marriage safe from divorce?

If you’re getting divorced and you have a large sum of money or any type of money right before you get married and you kept that money separate from your spouse; in other words you kept it in a separate bank account and some other ways separate, that money will be yours even after the divorce.

So the important thing to remember is that the money you had prior to marriage as long as you kept it separate and segregated, it will be yours. The same goes for a house. If you own the house before you were married and kept the deed in your name and did not put your spouse on the deed, that house will be yours after the divorce.