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More and more millennials are seeking prenuptial agreements

According to family law attorneys, more and more young people are including a prenup in their wedding planning to-do lists. Prenuptial agreements were once the domain of the rich and famous but now are viewed simply as financial planning tools. There are a number of reasons why young spouses in Florida and elsewhere have embraced these marital contracts.

Prenuptial agreements: Some include more than financial agreement

Some Florida couples decide to make decisions about their marriages before they begin. Some may choose to legally bind the decisions in a prenuptial agreement. Not only do prenuptial agreements allow couples to make financial decisions before a marriage begins, but some agreements also include stipulations about sexual and romantic decisions, family boundaries, and financial responsibility decisions while married.

Prenuptial agreements can stave off retirement disaster

Many Florida residents aren't thinking about retirement as they plan to walk down the aisle, but perhaps they should. Planning ahead is the best way to reach one's goals, whether in regard to a long and happy marriage or a secure and stable retirement. When it comes to the risk of divorce, those two goals are closely connected. Prenuptial agreements are tools that couples can use to ensure that both parties are able to comfortably retire even if their marriage should end in divorce.

Hugh Hefner was apparently a fan of prenuptial agreements

Many Florida readers are aware of the recent passing of controversial media mogul Hugh Hefner. The man behind Playboy magazine, Hefner has been a colorful character in American society for decades. Upon his passing at the age of 91, it was revealed that Hefner's wife, who is 31 years of age, is expected to receive nothing from his estate. Through a judicial use of prenuptial agreements and estate planning, it appears that Hefner's fortune will pass down to his children and a number of charities.

Finding a happy medium in negotiating prenuptial agreements

Faced with a request for a prenup, some Florida residents will initially react by taking offense. Once the practicalities of prenuptial agreements are examined in closer detail, many people will come to see the benefits of having a carefully drafted prenup. One way to smooth ruffled feathers is to underscore the fact that the agreement is not a one-size-fits-all product, and entails a degree of negotiation. The final outcome should reflect the interests of both parties, not just one.

The changing role of prenuptial agreements over time

When many Florida couples sit down to plan their wedding, they also consider what level of financial protection to include in the process. Prenuptial agreements are far more common now than they were in years past. In fact, the very concept of a marital contract is a relatively new thing, and is an issue that has only been widely accepted in the past 25 years or so. Over that span of time, the reasons leading individuals to consider a prenup have changed.

How property division can impact retirement planning

Negotiating the division of marital assets is one of the most dreaded aspects of many Florida divorces. Spouses know that property division is a necessary step, but are often overwhelmed by the sheer volume of decisions that must be made. Navigating this process can be a challenge, especially for individuals who are also nearing retirement age, and who will have to take an entirely different approach to retirement planning after their divorce.

Prenuptial agreements can be an inheritance requirement

For many Florida couples who are preparing to wed, negotiating a prenup is not a step that the parties set out to take, but a requirement for one party in order to secure his or her inheritance. While "forced" prenuptial agreements can seem like a harsh family approach to wedded bliss, there is little debate about the fact that many marriages will eventually end in divorce. Viewed from a different angle, a prenuptial agreement can be seen as a savvy financial planning tool, and not a cruel or heartless statement about the strength of a couple's commitment.

Prenuptial agreements critical for older spouses

Finding love again after the age of 50 is a wonderful thing. For those in Florida who are fortunate enough to find their perfect counterpart later in life, taking the plunge to get married is exciting. In preparation for a late-life marriage, couples should consider drafting prenuptial agreements. Doing so can ease the minds of other relatives who are concerned about what the future might hold.

Prenuptial agreements essential for older spouses

Preparing to marry is an exciting time, no matter one's age. For those who are taking the plunge after the age of 50, however, there are certain legal considerations that should be addressed as part of the wedding planning. Prenuptial agreements are an excellent example, and can provide important benefits to Florida spouses who are bringing considerable assets into the union.

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Fort Myers Family Law

Sheldon E. Finman, P.A.
2134 McGregor Boulevard
Fort Myers, FL 33901

Toll Free: 877-214-3207
Phone: 239-332-4543
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