Marital contracts used to be a tool reserved for the wealthy and famous. However, even the average couple could potentially benefit from entering into more simplified types pf prenuptial agreements. Though Florida is an equitable distribution state, residents who have a prenup in place will have already settled most of the property division upfront.
For most people, the beginning of a relationship is an exciting time. Unfortunately, the end of one can be a draining ordeal. Fights over insignificant items can lead to increased animosity and expense. A prenup can help alleviate these types of arguments as questions over separate property and spousal support may have already been settled. Though couples may feel that an open discussion concerning assets and liabilities before a marriage would be awkward, these types of discussions may allow each partner to begin the relationship with more confidence.
In fact, one professional believes that annual discussions concerning marital finances would go a long way in ensuring that each party is fully aware of the assets and debts that each may be compiling. If one spouse is amassing significant credit card debt, both parties could be held liable if the marriage would come to an end. Furthermore, frank discussions concerning financial matters will enable each spouse to be fully informed about the assets and how they are being managed.
Almost any couple can benefit from having a pre-marital contract in place. Though they do not need to be complex, having the division of assets settled at the beginning of a marriage may go a long way in providing a sense of financial security for each spouse. Florida residents who are interested in drafting prenuptial agreements may benefit from the advice of an experienced family law attorney who can help tailor a contract for each unique client's needs.