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.
When a marriage ends, one of the most difficult tasks is deciding how to divide marital assets. In the past, the majority of couples would choose to pool their assets once they married in order to meet their shared goals as a couple. However, younger couples are electing to keep assets separate in the hope of avoiding the difficulty of dividing them. In reality, one of the best ways for Florida residents about to marry to protect their assets is to enter into prenuptial agreements.
Sometimes, people find themselves in a relationship with someone who is caught in financial or legal difficulties. As tempting as it may be to dismiss these serious problems, they could have a negative financial impact. Florida residents who want to protect themselves from a negative fallout in the event of a divorce may benefit from prenuptial agreements.
Celebrities may try to protect both their privacy and their financial well-being through marital contracts and other means, though these may both be under attack in the event of a divorce trial. Prenuptial agreements are intended to establish property division if a relationship ends, and to that end, each party is urged to obtain separate legal counsel to ensure they are protected. Florida residents who enter a prenuptial contract are encouraged to ensure that all terms are carefully spelled out and agreed to by both partners.
For many engaged couples -- especially those who are older or own considerable assets -- the wedding plans are not complete without certain legal contracts. Prenuptial agreements can ensure that assets are not only protected, but that a spouse will not be treated unfairly in a divorce. No matter the circumstances that may have led to the end of a marriage, these contracts can provide Florida residents with peace of mind if the marriage comes to an end.
Years ago, only those with a family legacy were inclined to enter into marital contracts. More recently, more Florida couples are electing to draft prenuptial agreements so that they are in agreement over how to divide property in a divorce. However, there are times these contracts are contested, especially during a contentious divorce.
It is not unusual for engaged couples to choose to enter into a marital contract before exchanging their vows. However, while prenuptial agreements are useful for ensuring that both parties are in agreement over how to handle the division of assets in the event of a divorce, there may be some individuals who attempt to include questionable conditions. Florida residents who are considering drafting these agreements are each urged to seek the input of separate legal professionals.
Though the majority of engaged couples are likely not planning to divorce, a large percentage of marriages will not survive. The topic of a marital contract may seem unromantic, but prenuptial agreements provide peace of mind. Even if many Florida residents do not think they will need a prenup, the security they can provide makes them worthwhile.
No one is dreaming about a divorce on their wedding day. Unfortunately, nothing lasts forever, and whether a marriage ends in divorce or death, it will eventually end. Florida residents who are concerned about their financial security when that happens may need the protections offered by prenuptial agreements.
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.