If you are getting married in the near future, there is a lot to keep in mind. You are probably busy planning your rehearsal dinner, the wedding day, the reception, and your honeymoon. Despite these complexities, do not forget about the importance of a prenuptial agreement. A prenuptial agreement is important because it can protect both parties assets in the event of a divorce, an unexpected death, or an unusual event that could threaten the finances of the family.
What is a prenuptial agreement and what should you include in it? By thinking about these issues ahead of time, you can save a lot of stress later.
Also called a premarital agreement, a prenuptial agreement (shortened to prenup) is a legally binding agreement that is signed by both spouses before the marriage is official. The goal of this agreement is to protect each party individually from issues that could threaten their financial well-being. Essentially, this is an agreement that dictates how financial aspects of the marriage are going to be handled by each individual party.
Prenuptial agreements have been used for centuries, though they have changed significantly during the past few decades. Now, a lot of jurisdictions have laws that dictate how prenuptial agreements must be handled. Therefore, it is important to think about what should be in a prenuptial agreement. Additionally, is also critical to understand what is never included in a prenuptial agreement.
Not everyone needs to have a prenuptial agreement. On the other hand, there is a common misconception that prenups are only for families with a significant amount of money. This is not necessarily true. Some of the most common situations where a couple should consider a prenuptial agreement include:
Clearly, these situations can apply to a lot of families. Therefore, everyone should at least consider whether a prenuptial agreement is for them.
It is critical to include all the necessary items in a prenuptial agreement. Some of the factors that couples have to specify include:
These are just a few of the items that should be included in a prenuptial agreement. Conversely, there are several items that are not included in a typical prenuptial agreement.
There are several items that are not included in a prenuptial agreement as well. Some of the most common examples include:
Anyone who has a question about prenuptial agreements should be sure to work with an experienced legal professional to get them sorted out.
If you are looking for assistance with prenuptial agreements in Florida, it is important to get this right the first time. That is where the Law Offices of Leonard R. Ross are here to help. If you would like to learn more about how we can help you with your prenuptial agreement, please contact us today. We would be honored to work with you.