There is insurance for nearly everything these days. The primary reason most Florida residents purchase insurance is for protection. Prenuptial agreements can be thought of as protection for marriages, like an insurance policy. Although a prenuptial agreement is certainly not required prior to getting married, these formal contracts can end up being lifesavers in the event of a divorce.
What is a prenup?
A prenuptial agreement, or prenup, is essentially just a legal contract created by two people who are planning to marry. Typically, prenups list the property, assets and debts each party owns, and spell out what will happen to these things should the couple decide to end their marriage. Prenuptial agreements are especially beneficial for those who have a high net worth or are bringing many assets into the marriage.
Are prenups only for the wealthy?
Prenuptial agreements have the stigma of being only for wealthy individuals. However, nearly every couple can benefit from one. Even if a person isn’t rich or doesn’t have many assets before marriage, that same individual could become wealthy later in life. Prenups can be used to define goals or wishes that spouses have for their futures.
Help with prenuptial agreements
Like marriages, getting a prenuptial agreement is a decision that couples should make together and should never be rushed. Those in Florida who have questions or want to begin the process of drafting a prenuptial agreement may want to speak with an experienced legal professional. A knowledgeable attorney can help a client draft a legally sound prenuptial agreement that fits individual needs and future goals.