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Prenuptial agreements can be product of in-depth discussions

Wedding planning can take months of work in order to ensure that the day goes as smoothly as possible. Strangely, many couples seem to approach the drafting of prenuptial agreements in a much more hurried fashion. Unfortunately, if both spouses are not fully aware of all aspects of what the document covers, then Florida residents may find that a judge will not enforce these contracts.

Even though it is often stated that approximately half of all marriages will end in a divorce, that statistic does not tell the whole story as the divorce rate varies depending upon a variety of factors such as education, age and socioeconomic standing. That being said, having a well-written prenup in place can provide peace of mind to both spouses as long as the contract was a joint effort. To that end, one financial advisor has developed a course that helps guide engaged couples through the process.

This particular course is intended to provide an in-depth analysis of a couple’s financial goals, outlook and approach to money. Though it is set up to last about six months, the founder believes that a year-long course would be more appropriate. His course helps each individual gain a more thorough understanding of how the marriage would work financially and how each would fare if the relationship were to end.

Though not every engaged couple will enter into such a detailed process before writing their prenuptial agreements, it is suggested that having open discussions early concerning money would be beneficial to couples and their extended families. During a contested divorce, these contracts may help provide much-needed financial security. Florida residents who are interested in drafting these types of contracts — or are concerned about the validity of ones they have already signed — may benefit by consulting with an experienced attorney who can guide them through the process.

Source: sfgate.com, “Getting married? Let’s talk about money“, Paul Sullivan, April 28, 2018