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A New York prenuptial agreement sets out the financial responsibilities and property rights of each spouse in the event of divorce, safeguarding interests such as businesses, inheritances, and real estate. However, prenups cannot dictate terms for child support and custody. They can help streamline divorce proceedings. This video covers the Uniform Pre-Marital Agreement Act's signing requirements in New York and reasons prenups may be deemed invalid. The Act, established in 1983, aims to standardize prenup laws nationally, and New York is among the 22 states that have not formally adopted its version. Viewers are encouraged to access a template for a New York prenuptial agreement and subscribe for more legal content.