Were you previously married? Did your relationship end in divorce?
If you are currently considering marriage, then the prospect of divorcing your fiancé is probably one of the furthest things down on your "to do" list. However, you can avoid many future complications by taking the time now to meet with a Florida family law attorney and began drafting a prenuptial agreement.
It may sound cold and calculating to consider the assets husbands and wives will bring to a marriage as something to be distributed properly in the event of a divorce. Love, trust and sharing are attributes that define a relationship, so there shouldn't be a need to think about divorce before rings are exchanged and vows are made. But husbands and wives these days are often older, with established professions and accumulated wealth or real estate. Many times, they have been married before, and they have children that will form a blended family upon the marriage.
Prenuptial agreements are intended in part to make a divorce easier, setting up rules before a marriage even begins regarding what will happen when it ends. However, these agreements sometimes have the opposite effect in Florida if they are not handled properly, making things more complicated. Below are some of the main issues that could crop up.
In reality, any couple can enter into a premarital agreement and one or both sides may benefit from the contract. While a major reason many Florida couples enter into such agreements is financial, you could also use a premarital agreement to outline expectations such as care for children of previous marriages or where the couple will settle in retirement years.
For Florida couples of all financial circumstances, a prenuptial agreement can protect both financial status and future stability. Even so, rapper French Montana says he'll forgo a prenup should he end up marrying Khloe Kardashian, who he has dated on and off for some time.
As a divorce is finalized, couples in Florida will often focus on dividing their property. This is something that couples can occasionally agree on, but many divorce cases have to go to court to find a reasonable solution. Things that could be considered include:
Some individuals and couples in Florida and across the nation balk at the idea of a premarital agreement. They believe the agreement takes away from the romance and commitment of the marriage process. When done correctly, however, a premarital agreement can actually enhance commitment to one another.
You might be familiar with the concept of a prenuptial agreement, but did you know that it is possible to create a similar document after you tie the knot? Prenuptial and postmarital agreements both play an important role in financial planning and potential property division. Whether you are looking to protect your business assets, family heirlooms or your kids' inheritance, a postmarital agreement might just be the answer.
Many Florida residents are aware that prenuptial agreements are not just for the rich and famous anymore. In fact, business owners and those with significant family holdings may also benefit from premarital agreements. However, there are some restrictions on the types of provisions that can be included in a premarital agreement. Today, we explore the elements of a legally binding prenuptial agreement.