Prenuptial Agreements can Help Couples in a Variety of Ways
On behalf of The Law Offices of Cindy D. Sackrin posted in Divorce on Friday, February 7, 2014.
Prenuptial agreements serve many useful and practical purposes for couples entering a marriage.
Prenuptial agreements are sometimes associated with negative stereotypes that do not fully represent what these agreements are able to do for a couple entering a marriage. Prenuptial agreements can be useful for a variety of purposes in addition to the protection of the property and assets of one person in the event of a divorce.
Prenuptial agreements are able to clarify many divorce issues beforehand. These issues can include the division of assets and debts at the end of a marriage -- which may implicate business and real estate interests -- and can also include an agreement related to alimony in the event of divorce. If the marriage that is being entered into is a second marriage, adult children are involved or retirement or estate planning is imminent, a prenuptial agreement may be a useful tool to consider to clarify those issues as well.
Whenever a prenuptial agreement is considered, it is important to understand the laws and requirements for a valid prenuptial agreement. The Uniform Premarital Agreement Act has been accepted in Florida concerning prenuptial agreements. If a prenuptial agreement is an option a couple wishes to pursue, it is best to plan ahead because the disclosure of assets, in addition to the consultation of separate counsel, will be required. There are many important considerations when contemplating a prenuptial agreement.
The end of a marriage can be an emotional experience and it can sometimes lead to disputes. Clarifying these issues early on with the help of a family law attorney can often help minimize these concerns.
Source: The Huffington Post, "Unpacking Prenuptial Agreements," Caroline Choi, Jan. 31, 2014