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Benefits of a prenuptial agreement

On Behalf of | Sep 9, 2020 | Prenuptial Agreements

When a Florida couple gets engaged, they are usually full of excitement and anticipation for their upcoming nuptials and married life. They can spend months and even years planning the event. There are reception halls to visit, cake to test, photographers to interview and dresses to try on. But a person should not forget about their finances during the engagement period. Creating a prenuptial agreement can be a benefit.

Although a prenuptial agreement doesn’t sound romantic, it can be a crucial step for a newly engaged couple. A prenuptial agreement is not just for celebrities. There are advantages for regular couples as well:

  • Protect premarital assets. A prenuptial agreement will list premarital assets and protect them in the event of a divorce.
  • Protect children from previous relationships. Without a prenuptial agreement, a spouse may receive assets that a person intended their children to receive.
  • Assign debt. Each person may come into the marriage with their own debt. A prenuptial agreement can determine how liability for this debt will be distributed between the two parties.
  • Reduce future conflict. In the event of a divorce, a prenuptial agreement can help reduce the time it takes to settle a divorce and reduce any conflict that may arise.

An attorney who specializes in family law can help their client understand how a prenuptial agreement works and how it can be beneficial for their financial future. Protecting important assets, no matter how strong a relationship may be, can be a smart move. An attorney can help their client create an agreement that makes sense for their situation and will protect their assets in case the unthinkable happens.