How Assisted Living or Long Term Care Can Lead to Bankruptcy

According to the New York Times, the rate of people 65 and older filing for bankruptcy is three times what it was thirty years ago. Disappearing pensions, the all-time-high cost of medical expenses, and insufficient savings all contribute to the financial instability of America’s elderly. It can be easy to underestimate how expensive long-term care and assisted living can be. When this happens, retirees find themselves unprepared to pay for the care they need. This can burden a family’s personal finances and in some cases lead to bankruptcy.

A lot of the issues impacting this crisis come down to simple numbers. By 2050, there will be about 88 million adults over 65 living in the US. By this point, nearly 62 million of these people will need long-term care of some kind. The medical cost of this group is expected to be very high. Financial resources will need to go to long-term nursing care at home or in an assisted living community. Family’s will also need to find funds for co-pays, food, physical therapy, and medical equipment (walkers, adjustable beds and chairs, handicap accessories for the bathroom, etc.).

In 2016, the average costs for senior care were:

$82,128 a year to stay in a nursing home

$43,536 a year to receive assisted living care

$20.50 an hour for in-home care

What’s more, many of these costs are increasingly coming down to individuals and their family, as federal and state assistance for the elderly is consistently diminished. Medicaid, for example, will cover most fees associated with assisted living—but only for those who meet the program’s strict financial guidelines. Medicare also cannot be relied upon, as it will only pay up to 100 days per illness, leaving the individual to pay for any additional long-term care requirements. Similarly, even those with long-term care insurance can find their care is not covered under a policy’s conditions, exclusions, and benefit limits.

Nearly a quarter of long-term care costs are paid directly by individuals and their families. What this means is that when a senior can no longer care for themselves and must move into an assisted living facility or receive in-home care, the burden often falls on their family to pay for it. For many, financial contributions to mortgages, college costs, and retirement savings mean there is little disposable income to cover the cost of their parent’s long-term care. When a family cannot afford a loved-one’s care out of pocket, they can resort to tapping into personal and retirement savings or taking out a personal loan to cover care expenses.

For many American families, it simply is not possible to cover the rising cost of long-term care for an elderly loved one. Bankruptcy can result when medical debt becomes unmanageable. Veitengruber Law is a full-service estate planning, debt management, and bankruptcy law attorney. We can help you plan for the future, make your debts more manageable, and discuss your options when medical debt becomes overwhelming. Bankruptcy can help alleviate stress from medical debt and help you get your finances back under control.

10 Personal Finance Challenges NJ Millennials are Facing

In a survey from Credit Karma, 61% of millennials said money was their #1 source of daily stress. Having grown up or entered the workforce during the Great Recession, millennials face some unique financial challenges. Even rising wages cannot keep up with the ever-increasing cost of living for this group of young consumers. When it comes to personal finance, NJ millennials face a number of burdens specific to their generation.

1. Higher Than Ever Student Loan Debt

Crushing student loan debt is so universal to the experience of millennials that it has spawned countless think pieces, endless memes, and has even influenced national political campaigns. The average student loan debt per graduate is $17,126 according to Business Insider. The number of students taking out loans to pay for college has increased by 10% since 2000 and students are borrowing more money now than ever to afford their education. This kind of debt means millennials are often entering the workforce with major deficits.

2. Saving for a House Takes Longer

As home prices continue to climb, millennials buying homes today will pay an average of 39% more for their first home than baby boomers did. Home ownership for millennials is at an industry low as millennials avoid taking on more debt and spend years saving up for that 20% down payment. Buying a home has become less of a next step and more of a dream for millennials. This is true of many “milestones” from buying a car to getting married and having children.

3. Living Paycheck to Paycheck

Besides struggling with more debt and higher costs of living than previous generations, millennials are also unemployed or underemployed. 44% of recent college graduates report struggling to make ends meet with dead-end and low paying jobs. Making enough money to get ahead of their expenses is increasingly difficult. The “side hustle” has become a way for millennials to use their skills to make money to supplement their regular income, but even with supplemental income millennials continue to struggle to build wealth.

4. Caring for Elderly Parents

Despite earning less, millennials are spending much more on care for aging parents than previous generations. On average, millennials who pay for elderly care spend 27% of their income on care services. This is coupled with the fact that many millennials (53% according to the Country Financial Security Index) have had to receive financial assistance from parents or family members since turning 21. This generation is ill prepared for the burden of caring for elderly parents.

5. Poor Planning for the Future

Millennials have little or no savings, struggle with being un-insured or under-insured, and tend to put off retirement planning. Most millennials are only saving on average 5.3% of their income. Even if millennials are working towards the suggested $1 million retirement savings, things aren’t looking good for them. Based on inflation rates, $1 million dollars today will have the spending power of $306,000 in 40 years. These numbers mean many millennials are facing poverty level finances in their golden years.

6. Ignoring Credit Scores

Many millennials don’t pay attention to their credit score until they need it to buy a house, a car, or to get a personal loan. It can be easy to ignore your credit score, and many generations struggle with bad credit. But for millennials, who are already dealing with higher debt and younger credit histories, it is especially important to spend some time working on building better credit. Good credit can be the pathway to making some of those sought-after big purchases millennials keep putting off—like buying a house.

These are just a few of the unique challenges facing millennials. Understanding these challenges can aid financial experts and individual consumers alike in overcoming these problems.

5 Credit Repair Books YOU NEED TO READ in 2020!

Veitengruber Law has been finding NJ credit repair solutions for years. We help our clients find customized strategies with our holistic approach to debt relief. We know that knowledge can empower you to return to financial health. The best way to gain knowledge is to hear what the experts have to say. Here we have rounded up some of the best credit repair books you can read. These books won’t give you an instant solution, but they can provide critical information that can help you start rebuilding your financial life.

 

1. How to Repair Your Credit; by Benjamin Harris and John Score (2019)

This book’s cover boasts that it will be able to help you overcome credit card debt forever. Harris and Score detail how to do this and more by using federal laws and existing loopholes to eliminate bad credit and increase your financial freedom. You will learn when to worry about your credit score and what to do about it when it is time to worry. These insider credit bureau secrets will give you an edge in navigating the sometimes confusing world of credit reports and debt.

 

2. An Attempt to Repair America’s Broken Credit System; by Andrew Coakley (2019)

Coakley is a professional credit repair expert and in this book he offers his insider insight into credit repair solutions. He demystifies the complexities of credit reports, scores, and agencies so you can be armed with the knowledge you need to get on top of your debts. He also offers valuable knowledge about managing your credit during marriage and divorce. His 10-day fix for raising your credit score promises quick results that can turn into long-term solutions.

 

3. High Credit Score Secrets: The Smart Raise and Repair Guide to Excellent Credit; by Thomas Herold (2019)

This book offers over fifty different ways you can instantly boost your credit rating and see real change in your credit score in sixty days or less. Herold walks you through how to use credit cards to build good credit and how to guard a good score for life. An expert of the financial world, Thomas Herold breaks down the exact mathematical algorithms used by the three major credit bureaus so you can learn exactly which financial choices will improve or damage your score.

 

4. Hidden Credit Repair Secrets: How I Bounced Back from Bankruptcy; by Mark Clayborne (2019)

Step-by-step instructions for doing your own 6 letter campaign to challenge any inaccurate, unverifiable, and questionable information on your credit report set this publication apart from the others on this list. With letter samples, actionable steps, and up-to-date info regarding current economic conditions, this book offers a comprehensive strategy to work with credit bureaus to repair your credit. The step-by-step nature of the book makes it easy for even the most financially inexperienced consumer to follow.

 

5. Money Management: The Ultimate Guide to Budgeting, Frugal Living, Getting out of Debt, Credit Repair, and Managing Your Personal Finances in a Stress-Free Way; by Scott Wright (2019)

Not only will Scott Wright help you repair your credit, he also aims to help you reshape how you think about money and managing your personal finances. Included are tips like simple ways to save every day, investing for beginners, budgeting for beginners, and how to boost your credit score by paying off debt. A big part of this book is focusing on how to stay stress-free throughout this process by focusing on the things you can do and accepting the time it often takes to restore true financial health.

It’s important to note that there are no overnight solutions to credit repair, but these books can definitely give you the knowledge you need to get moving in the right direction.

 

 

 

 

 

 

 

 

 

 

NJ Real Estate: Hidden Fees and Costs You Need to Know About

Your home is likely to be the most expensive financial investment you will make in your life. Just a few of the “hidden charges” in buying a home include: closing costs, property taxes, home owner’s insurance, and fees charged by a variety of experts throughout the purchasing process. For the unsuspecting home buyer, hidden fees and miscellaneous costs associated with buying a home can come as a big shock. To help you budget for this major purchase, we’ve compiled a descriptive list of some costs you might not be preparing for.

Closing Costs

The time it actually takes to close on a property is typically somewhere between 30 and 60 days. During this time, the sale is considered to be pending as you work out the details with the seller. At the end of the closing process you’ll make a major payment towards your new home in the form of closing costs. Closing costs typically range anywhere from 2% to 5% of the purchase price of the home. The charges included in closing costs can include fees for appraisal, wire transfers, credit report assessment, title insurance, document preparation, and many other closing-related processes.

Home Inspection Fees

While a home inspection isn’t a requirement, unless you happen to be an expert real estate inspector, hiring a professional is something you should really consider. You will be able to purchase the home with confidence in its condition or save yourself money in repair costs by alerting to seller to necessary repairs. Putting aside money in your budget for a home inspection can save you a lot of money in the long run.

Home Owner’s Association (HOA) Fees

If your home is located in a gated community, chances are high you will be required to join the HOA. Monthly HOA fees go toward community maintenance and repair of common areas, like sidewalks, entrance-ways, parking areas, and landscaping. Some HOA fees can be surprisingly pricey so it is important to know about them before you sign the dotted line.

Property Taxes

Depending on where you live, property taxes can cost you a lot. New Jersey is well-known for having very high property taxes across the state, but some areas of NJ have more reasonable tax rates. The average property tax bill in NJ ranged from $450 in Walpack Township, Sussex County to nearly $32,000 in Tavistock Borough, Camden County. Pay attention to the property taxes in the area you are looking to buy. It can make a huge difference in your bottom line.

Real Estate Agent Fees

Real estate agents make a living via commission. The average rate of commission in NJ is 5-6% of a home’s sale price. Real estate agents on both sides will be offered part of the commission. Both agents will be paid out by money the buyer gives the seller for the home at the time of closing. It is the seller’s responsibility to ensure both agents get their commissions out of this money. The rate of commission is pre-determined and agreed upon by both sides before closing. For instance, if it is decided the seller’s agent will receive a 3% commission and the buyer’s agent will receive a 2.5% commission on the sale of a $210,000 home, the seller’s agent will receive $6,300 and the buyer’s agent will receive $5,250.

These are only some of the hidden costs associated with purchasing a home. You don’t want to be blindsided by financial pitfalls after you find your dream home. If you’re thinking about buying a home, or if you’ve already signed a contract and you’re in the attorney review period, we’re more than happy to look over the contract for you and answer any questions you may have. Visit our website and call us at the location that is most convenient for you – we have offices in Wall, Bordentown, and Metuchen.

What Generation Z is Looking for in NJ Real Estate

The real estate market is gearing up to welcome a new generation of home buyers: Generation Z. This generation, born between 1997 and 2012, are now buying around 2% of homes on the market. That might not sound like much now, but this money-conscious group is poised to become a major NJ real estate purchasing force in the years to come. As the oldest in this group finish college and start jobs, homeownership is the next big move. Here is what Generation Z is looking for in a home.

The big thing to note with this group is that they are interested in single family homes in diverse communities. A survey taken by Homes.com indicated that living in a diverse community was important for 58% of Gen Z survey takers. Instead of condos, townhomes, or apartments, Gen Z largely expects a single family home to be their starter home. Amenities desired by Gen Z included a backyard with a deck or patio, open floor plans, a garage, and hardwood floors.

Something not on their list? Smart home technology. Surprising many real estate experts, smart home tech ranked low on a list of desired amenities, along with eco-friendly appliances.

This generation may be the most informed first time home buyers ever. Being essentially born with smart phones in their hands, this tech savvy group knows more than ever about the home buying process. Even Gen Z buyers new to real estate have likely done some research before approaching a realtor. This also makes them discerning potential buyers: they know what they want and they are willing to spend some time looking for it.

In 2019, Gen Zers were buying starter homes costing on average $160,600, an 11% increase from 2018. This generation, in general, is looking for inexpensive homes in New Jersey towns with strong local economies and low crime rates. Many Gen Zers are looking to settle in the areas around where they went to school, making college and university towns a popular choice.

The financial position of Generation Z may be the only thing holding them back from entering the real estate market. While they tend to be in a better financial position entering their mid-20s than the Millennial generation that came before them, they still have student loan debt to grapple with. With some student loan payments equaling a typical mortgage payment, this is a tall hurdle to jump. On average, Gen Z home buyers are putting only 5% down on real estate purchases, meaning they are likely relying on private mortgage insurance (PMI) to pay for their homes.

Right now, most of the future home buyers in Generation Z are focused on experiences, travel, and paying off their loans instead of purchasing real estate. While they are in no rush to purchase a home right now, this unique demographic of home buyers will be hitting the market before you know it. You can count on them looking for New Jersey communities with easy access to the arts, entertainment, and Instagram-able experiences.

5 Tips for a Successful New Jersey Real Estate Investment Purchase

It can be difficult for beginners in real estate investing to determine which properties would be a good purchase. You may have a plan, your finances might be stellar, but once it’s time to take action, sometimes even the best laid-plans get derailed. If you are looking to invest in New Jersey real estate, there are some things you should keep in mind as well as specific properties to steer away from as you make your first investment(s). To help get you started on the right foot, we’ve compiled five tips that will guide you toward a successful NJ real estate purchase.

1. Keep an Open Mind

The biggest key to successfully investing in real estate is to remain open to the possibilities around you. Don’t go into your property search looking for anything too specific. Even if you have a mental picture of investing in a residential home to flip – don’t ignore the excellent commercial real estate opportunity down the street. There are so many different types of real estate opportunities available to you! By keeping an open mind, you’ll be less likely to miss out on something great.

2. Be Mindful of Location

You might find a fantastic property and fall in love with it instantly. WARNING! Don’t invest until you have a good, solid understanding of the location. There is a rule in real estate: “A bad house in a great neighborhood is better than a great house in a bad neighborhood.” You can always renovate a property—you can’t give the street a makeover.

3. Prepare for Competition

The popularity of investing in New Jersey real estate is on the rise. Don’t be surprised if you put an offer in on a property only to be outbid. Some of the biggest competition you will likely face will be from all-cash buyers. Many all-cash buyers are offering full price or more in order to secure their investment. Be aware of these competing investors, but don’t be dissuaded if you are outbid a few times. Ask sellers about their goals and see if there is any way you can help them meet those goals.

4. Look Past the Staging

Home staging is an increasingly popular trend for sellers looking to get an edge in the market. And there is a good reason for this: many buyers are more likely to overlook faults with the property if it is staged. Don’t let the aesthetics of staging deter you from asking the important questions about a property. Make sure you move things around, test hardware and appliances, and get to the bones underneath the picture-perfect set up.

5. Know When to Quit

Don’t be afraid to cut your losses and get out if you make a bad investment. Even some experienced investors will stick with a bad investment in a futile effort to recuperate the money they sunk into a property. It’s possible that what seems like a sure bet can take a nosedive and turn out not to be a money-maker. Smart investment behavior includes knowing when to walk away, learn from your mistakes and make better choices next time.

 

Real estate can be a challenging and rewarding opportunity for motivated investors. The sky is the limit when it comes to your real estate goals. If you follow these five tips, you will be on your way to a successful NJ real estate purchase!

 

 

 

 

 

 

 

Mortgage Co-signer vs Co-borrower: What’s the Difference?

If a bank is on the fence about approving a loan, they may ask the borrower if there is anyone who can share responsibility of the loan. Including multiple people on your loan application can increase your chances of getting the loan accepted. While many people think co-signers and co-borrowers are the same thing, these are two very different roles in the eyes of a lender. To decide which option is best for you and those helping you get the loan, it helps to compare the two roles.

A co-signer is someone who guarantees a loan for someone else. This means that the co-signer is agreeing to take responsibility for paying off the loan in the event the primary borrower fails to do so. With more resources available to pay back the loan, the lender will be more confident in receiving payment. A co-signer does not have title or ownership over any items acquired with the loan.

A co-borrower is one of at least two primary borrowers. For example, if a couple is buying a home together, they can apply for a loan as co-borrowers. Like co-signers, co-borrowers are responsible for the loan even if the other primary borrowers do not meet agreed upon payments. Unlike co-signers, a co-borrower will have an ownership interest in the property being purchased.

While both a co-signer and a co-borrower can help you when it comes to qualifying for a loan, there are some differences in the risks associated with the responsibilities of co-borrowers and co-signers.

It is important to understand as a co-signer that you are essentially taking on an all risk, no reward deal in which you could be responsible for paying off a loan with no benefit to yourself. If you co-sign to help someone buy a car, it’s their car—and if they stop paying on the loan, it is your responsibility to pay for their car. More than just paying the loan balance and interest, you can also be charged for late fees and other charges if the primary borrower has stopped making payments. Co-signing can also negatively impact your ability to borrow or your ability to get preferable terms on new lines of credit.

For co-borrowers, the risk is a little more personal. Because you are combining financial resources with someone else, co-borrowing can allow you to get approved for a loan that is much bigger than you could pay by yourself. Tragic accidents, bad break-ups, and any other number of difficult circumstances can leave you with a loan that is outside of your financial capacity. It can be very difficult to remove someone’s name from a loan, forcing you to sell the shared property or go through a time-consuming refinance in order to pay off the loan.

The bottom line is if you need someone to co-sign or co-borrow in order to secure a loan, you need to make sure it is someone you trust. Communicate fully the responsibilities associated with each role and confirm they feel comfortable adding their name onto the loan application. Keeping up regular communication with this person about the status of the loan can ensure you are on the same page, which is important since they are invested in the mortgage, too.

Retire in New Jersey in a 55+ Community

As we get older, we often find we need different things out of our homes and communities than a traditional community can offer. Maybe you need to live on one floor, near people your own age with similar interests, or you just want to be able to enjoy some peace and quiet. If this sounds like you, it might be time to look into a 55+ community. A retirement community can provide the services and amenities to help maintain your quality of life for longer.

New Jersey is full of beautifully appealing housing options for the 55+ community. Many new developments include single family homes so you can maintain your independence while enjoying the services and comforts of a community geared towards your needs. Choosing a retirement community does not mean your options are limited; in fact, you can find your dream home in the ideal location!

Here is how to find the right 55+ community in New Jersey:

1. Consider Your Lifestyle.

Your health, physical abilities, and other age-related concerns will likely dictate what kind of community you are looking for and the services it provides. Community age limits range from 50 years old to 90 years old or more and the offerings of these communities are just as varied. Many retirees are looking for a community where they can maintain an active social life while getting more assistance in other areas of their life, like cleaning, cooking, yard maintenance, and transportation. Other retirees are looking for peace and quiet and the time to relax alone with minimal care options. No matter what you are looking for, a representative from the community can discuss their available benefits and care options so you can decide if it meets your needs.

2. Carefully Research Amenities and Association Fees.

Always look into the amenities when you are deciding on a retirement community. After all, these are often the big appeal of a retirement community in the first place. Think about how these amenities can fit into your lifestyle and give you the biggest bang for your buck. Common 55+ amenities include: fitness centers, salons and spas, dining options, social centers, spiritual services, and activity programs. Be sure which services and utilities are included in your association fees. Many NJ retirement communities charge low HOA fees, but some can be pricey, so it’s important to do your homework.

3. Hire an Experienced Real Estate Expert.

An experienced real estate agent can help you find a 55+ community in an area you are familiar with, close to family, and with the benefits and care options to match your lifestyle. The real estate experts in our professional network will ensure that you are matched with a community that is worth your hard-earned money. When you work with the right professionals, you can retire in New Jersey in style!

 

How to Invest in NJ Real Estate for Retirement

Investing in real estate can be as rewarding as it can be stressful and intimidating. If you are close to retirement or newly retired, investing in a new real estate venture can be especially complex. A real estate investment for retirement needs to meet specific needs. Not only does your asset need to be a relatively sure thing, it also needs to be able to keep up with inflation. Many retirees look to real estate investments to provide supplemental income. There is a lot to consider if you are thinking of investing in NJ real estate for retirement. Here is what you need to think about.

1. Do you own your own home?

Most of the time, your home is your most valuable asset. More than savings or other luxury assets, your home has the potential to help fund your retirement. If you are in the position of owning your own home, you might already be sitting in the best real estate investment you could find. There are tons of different ways to use your home’s equity to generate income that will allow you to live more comfortably in retirement. You can downsize your home or use your home equity to fund long term care needs, amongst other things.

2. Buy It, Improve It, Flip It

Flipping is a popular way to get into the real estate game at any age. Also called wholesale real estate living, flipping is when you purchase a property with the intention of selling it to make a profit. If you know what you are doing and can invest in the improvement of a property, flipping can be a lucrative way to fund your retirement. But be wary of some common pitfalls when it comes to flipping homes. You need to have adequate real estate knowledge, home improvement skills, financial savvy, and cash up front to have a successful flip.

3. Residential Rentals

Another popular way to make your real estate investments work for you in retirement is to rent out your property to long-term renters. Long-term renters offer more stability and assurance that you will be able to meet your bottom line every month. Your renters need to be willing to pay enough to cover the mortgage on the property along with insurance, taxes, and regular maintenance. A rental property can provide a monthly flow of cash and can perform better than investing in the stock market. But you have to be prepared for the work and stress that can come with owning a rental property. Needy tenants or long-term vacancies can negatively impact your investment.

4. Commercial Rentals

Some real estate experts will say that owning commercial property can be more lucrative than residential real estate investments. There is certainly more risk and potential for complications—multiple tenants, commercial licensing requirements, long-term vacancies—but renting out commercial real estate can be a great way to generate retirement income. On the other hand, if you purchase commercial property, you could also consider running your own business. One of the biggest expenses of running a business is paying for the real estate. If you own the building outright, it could give you more financial freedom to grow the business you’ve always dreamed of.

5. Buy a Vacation Home to Rent

If you’ve always dreamed of owning a beach house or a cabin in the mountains, purchasing a vacation home and renting it for part of the year can allow you to have your cake and eat it, too. Renters looking for vacation homes are often willing to pay a premium for the right location. You could potentially make just as much money renting for a few weeks out of the year as you could renting year round with residential real estate. Keep in mind that vacation rentals tend to be seasonal money makers and are usually more expensive to maintain than residential investments.

Investing in real estate can be a great way to generate income during the retirement years. Veitengruber Law is an experienced real estate firm. We can help you with your real estate and financial planning goals.

Why You Need a PreNuptial Agreement (PreNup)

The US has seen a significant drop-off in the marriage rate in recent years. Part of the reason for this is that there is less financial advantage to getting married for women. 2019 was the first year on record where women made up the majority of the U.S. work force. With male and female partners entering into a relationship on more equal economic footing, there is less impetus to take the marital plunge. When a couple does decide to tie the knot, it is a growing trend to sign a prenuptial agreement before walking down the aisle.

A prenuptial agreement for those intending to get married, or a cohabitation agreement for those who want to live with their significant other, can give you the security you need to intertwine yourself financially with another person. Sure, you love them now, but people and circumstances change. If the marriage doesn’t work, particularly if you are the one with a higher income, you can save a lot of time, money, and heartache if there is a prenup in place. Signing a prenup is not a negative mark against your relationship or a dismissal of your genuine feelings for your significant other. It is a smart financial move and could even better allow you to exit the relationship amicably in the future.

A prenuptial agreement isn’t just for those who are well-off financially. People from all kinds of financial backgrounds are using prenuptial agreements to protect themselves and their assets before entering into a marriage. You might want a prenup if you intend on passing separate property to children from a previous relationship. A prenuptial agreement or a cohabitation agreement can be a great way to clarify financial rights within the relationship so you both know what kind of financial responsibilities to expect. If you want to make sure your spouse is protected from becoming liable for your debts, or vice versa, a prenuptial agreement can cover that. Essentially, a prenup will help you avoid arguments and bitter feelings should the relationship not work out. It can also prevent some of the bigger causes of divorce—like financial disagreements—by ensuring everyone is on the same page.

In New Jersey, prenuptial agreements must contain several components and cover a few different outcomes to be recognized by NJ courts. NJ prenups and cohabitation agreements are governed by the Uniform Premarital and Pre-Civil Union Agreement Act, which requires that specific issues be covered in order for the agreement to be enforceable. An experienced divorce attorney will be able to ensure you are covering all of your bases, but a few big things to come to an agreement on are:

– Financial rights and obligations concerning property and debts, establishing who pays for what

– What assets will be considered co-owned and what assets will remain individual property

– Whether or not spousal support will be included in a divorce settlement

– What happens to debts, inheritance, or assets gained after the signing of the prenup

– How property will be titled and who can stay at what property in the event of divorce

If you are considering a prenuptial agreement, talk to your significant other. Work together to determine whether or not a prenuptial agreement is right for you and your relationship. Talking to an experienced attorney can help you work through all the little details. Veitengruber Law offers personalized legal strategies to help protect you and your loved ones’ financial futures.