Those who have amassed considerable assets during their lifetime may have concerns about entering into a marriage. In the event that the relationship becomes unsustainable, it is possible that an individual could face significant losses if he or she is ordered to pay a former spouse in the aftermath of a high asset divorce. Florida residents who are preparing for a dissolution may have many concerns about protecting their financial well-being in the future.
Though the overall divorce rate is declining, that is not true for those aged 50 and older. The divorce rate for older couples has increased significantly and is referred to as a 'gray' divorce. In Florida and elsewhere, many of these divorced individuals are choosing to remarry, and many may benefit from signing prenuptial agreements before walking down the aisle gain.
The decision to marry is often based on emotions. Unfortunately, when a marriage ends, the matter of determining which spouse gets which assets cannot be based on emotions as this would likely result in an unfair agreement. In order to protect each party, Florida has specific laws regarding property division during the settlement proceedings.
Going through the divorce process is scary no matter who you are. If you are nervous about divorcing your spouse, then it helps to learn about what the process is like in Florida so that nothing takes you by surprise.
A couple need not be a celebrity or come from a wealthy family in order to employ a marital contract before exchanging their vows. While there may be a few engaged Florida residents who will not necessarily need prenuptial agreements, chances are that more couples would benefit from having a well-drafted contract in place. There are likely many couples who could derive peace of mind from a prenup if a marriage does not survive.