As I am sure you have all heard that New York has become the most recent state to allow gay marriages (which was long overdue). There may be some “old” concerns for “new” couples hoping to take advantage of the new law. Issues of pre nuptial and post nuptial agreements need to be considered. There will also be issues involving divorces and estate planning which need to be considered. With all of the excitement that is surrounding the passing of this new bill, it may benefit those effected to take a step back and plan accordingly. Pre nuptial agreements are an excellent way to protect assets and clarify the intentions of both spouses ahead of time (before the marriage) so that there are no surprises later. Post nuptial agreements are a way for couples to draw a line and add stabilization to a wavering marriage. Either way, with all of the excitement over the new gay marriage bill, there are sure to be some questions on the horizon. As always, if you have any questions about how to design a pre or post nuptial agreement to meet your specific needs, feel free to call us at (516) 858-2620!