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A New York prenuptial agreement outlines financial arrangements, debts, and property rights for spouses in case of divorce, offering protection for businesses, inheritances, real estate, and children from prior marriages. However, prenups cannot modify child support or custody arrangements. They can help avoid lengthy court battles during divorce proceedings. This video tutorial discusses New York's requirements under the Uniform Premarital Agreement Act, which was established in 1983 to standardize prenup laws nationwide. New York has not officially adopted this act, being one of 22 states that have not done so. A template for a New York prenuptial agreement is available, and viewers are encouraged to subscribe for more content.