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Why prenuptial agreements are important

Anyone could be at risk for divorce, and it is important for assets to be protected. Of course, many Florida couples do not feel comfortable having discussions about finances prior to getting married, but it is beneficial for both parties to be on the same page. Most people are under the assumption that prenuptial agreements are only for the wealthy, but that is untrue, and even individuals with little to no assets could benefit from having these agreements.

Prenuptial agreements are outlines that cover certain topics, such as property ownership and asset division in case the couple divorces later on in life. This is especially helpful for couples containing one who earns a significantly higher income than the other. The agreements also cover how each spouse should behave and their responsibilities while they are married. Prenuptial agreements are not just restricted to financial matters, and couples can also include furthering education, debts and caring for a family member.

A study indicates that financial disputes are one of the top precursors to divorce. Since many couples may feel uneasy bringing up prenuptial agreements, it is recommended that they seek out a fiduciary adviser or at least a financial professional. Meetings with these professionals are open and allow couples to decrease their chances of having financial disputes in the long-run.

Detailed prenuptial agreements could drastically reduce the chances of having stressful courtroom battles. The agreements can also prevent spouses from losing significant portions of their assets. It is beneficial for couples to make sure that agreements are legal and binding. An experienced family law attorney in Florida can assist couples on guidelines to follow in case divorces should happen.

Source: USA Today, "Prenups: Not just for the wealthy", Elizabeth Renter, Dec. 26, 2014

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