Jump to Navigation
FREE INITIAL CONSULTATIONS CALL US TODAY 631-615-1758
Call Us Today: 631-615-1758

Prenuptial agreements getting longer -- and more unusual

Many New York residents who fall in love and begin a long-term relationship usually expect that the relationship will last a lifetime. However, the legally binding contracts associated with long-term relationships, such as prenuptial agreements, are supposedly getting much longer and, sometimes, even more unusual. Prenuptial agreements are no longer for the rich and famous and, more and more, are containing what are known as love contracts.

For years, the press reported on the alleged lifestyle clauses that the rich, famous and powerful included in their prenuptial agreements. These amounted to financial penalties that were incurred when a partner, say, did not keep a pre-agreed weight, violated gambling restrictions or failed in his or her promise to not use illegal drugs. Some of these clauses even stipulated how much time the couple was to spend together each week.

Premarital agreements, as well as cohabitation agreements, are usually addressed or come into play at the end of a relationship. However, these love contracts, or lifestyle clauses, that are placed within these legal documents are often meant to be a relationship blueprint to keep the couple together. Now, they are catching on with the general public, whether officially married or no. One expert estimated that almost one-third of relationship agreements now include these clauses, and the trend increased by around 10 percent last year.

In the past, many individuals were only concerned with obtaining a will to allocate their assets when they died. Now, individuals are including clauses to address issues related to social media no-nos, like uploading an embarrassing image to Instagram, or quality-time activities like reading a book together. Whatever the contract clauses New York couples choose to include, they often consult an experienced family law attorney when drafting their initial prenuptial agreements.

Source: cnbc.com, "Laying the groundwork for a lifetime of love", Constance Gustke, Aug. 8, 2015

No Comments

Leave a comment
Comment Information
[an error occurred while processing this directive]

Contact Us

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close
FindLaw Network Subscribe to this blog's feed
Contact

Judd & Moss, P.C.
3505 Veterans Memorial Hwy, Suite S2
Ronkonkoma, NY 11779
Phone: 631-615-1758
Fax: 631-981-9004
Map and Directions

Privacy Policy | Business Development Solutions by FindLaw, a Thomson Reuters business.