Though the benefits of signing a prenuptial agreement far outweigh the cons of it, many New York residents are still not prepared to enter into such an emotionally charged conversation right before tying the knot. They also believe that talking about divorce might jinx a marriage, therefore avoiding the important talk about what to do in the event that a marriage ends. However, it is important to know that married couples who forewent a prenuptial agreement can enter into a postnuptial agreement to protect their assets just as thoroughly.
Dividing property during a divorce is often so complicated that disputes around it can turn am amicable divorce into a acrimonious one. Decisions such as 'who gets to keep the house' and 'who gets the stock portfolio' are important ones that can lead to hours of wrangling in a conference room, but many New York residents may not even be aware of a further complicating factor in property division-the date on which the assets will be valued.
The division of assets is something that all divorcing couples in New York must address, which is why it is useful to understand. Knowing how property is divided in New York can help couples going through the divorce process negotiate a fair settlement agreement. During the property division process, many questions usually come up.