How can a Prenuptial Agreement help Floridians?
On behalf of The Law Offices of Cindy D. Sackrin posted in Divorce on Thursday, September 15, 2016.
While marriage is based on a loving relationship two people share, it is also a legal and contractual commitment that can have financial, as well as other, impacts. A prenuptial agreement, or premarital agreement, can protect both spouses entering the marriage, and can have a number of important benefits. At the outset, it is important to keep in mind that there are certain requirements for a valid prenuptial agreement, and requirements can vary by state which is why it is important to know the laws for a valid prenuptial agreement in your state.
The benefits of a prenuptial agreement can include protection of inheritance rights for children from previous marriages, and grown children and grandchildren, which can be important today, considering the age of many Florida residents, and the frequency of blended families and second marriages. A business, such as a family business or professional practice, can also be protected from division or control by a former spouse in the event of a divorce by a prenuptial agreement. Such agreements can also protect one spouse from the debts of the other that existed prior to the marriage, and can help determine how property will be divided, spousal support assigned, and how other divorce-related considerations will be resolved should the couple divorce at any point.
Without a prenuptial agreement, state laws will determine how property is divided and impact how other important divorce-related concerns are resolved. Prenuptial agreements can be extremely useful if the couple understands the variety of purposes they serve, and how those purposes can address their specific concerns and needs entering the marriage. Prenuptial agreements can also be complex, so it is important to understand their applications and intricacies and ensure the rules regarding a valid prenuptial agreement are met.
The family law process may provide answers to questions and offer solutions to concerns Florida couples have when entering a marriage or when ending a marriage. It is important couples have the tools they need to address their concerns which the family law system provides.
Source: Family FindLaw, "Pros and Cons: Premarital Agreements ('Prenuptials')," Accessed Sept. 11, 2016