If you are engaged to be married in Florida, a Florida Prenuptial Agreement can be an extremely important planning tool. In fact, preparing an FL Prenuptial Agreement prior to marriage is an effective way to protect your various assets and financial interests. In the event of a divorce, a Florida Prenuptial Agreement generally protects your premarital assets and can ensure that your property is deemed exempt from equitable distribution. But, a prenup can also outline a variety of other considerations, explain rights and obligations of each person in the event of divorce. Because a prenuptial agreement is a legal document, consulting a family law attorney to help is advisable. Alternatively, you might consider a Post-nuptial Agreement.
Why Should You Get a Prenuptial Agreement?
A Prenuptial Agreement in Florida can be prepared to protect any asset, including:
- Other Real Estate & Properties
- Investment Accounts
- Business Assets
- Foreign Assets
- And More
In order to have a legally valid FL Prenuptial Agreement, both parties must at least:
- Fully disclose all assets;
- Obtain independent legal counsel;
- Enter into the FL Prenuptial Agreement voluntarily;
- Be afforded sufficient time to consider all the terms of the [Florida Prenuptial Agreement] prior to the marriage.
Florida Prenuptial Agreements can be tailored individually to suit any couple’s needs or situation. If desired, a “sunset” clause may be included, which specifies the date that the entire FL Prenuptial Agreement will expire and no longer have any binding effect on either party. An experienced and veteran FL Prenuptial Agreement attorney can advise you of all your Prenuptial Agreement options and draft the proper Florida Prenuptial Agreement for you.
The Benefits of a Florida Prenuptial Agreement
Many couples who enter into a Prenuptial Agreement find themselves litigating far less in the event of separation or divorce in Florida. By predetermining the treatment of their assets before marriage, an attorney preparing a prenuptial agreement can help divorcing couples avoid lengthy legal battles.
In addition to protecting premarital assets, a Florida Prenuptial Agreement can also determine the final disposition of financial issues such as:
- Amount and term of alimony
- Waiver of alimony
- Asset values
- Business interests
- Division of complex financial security holdings
- Division of stocks, bonds, and other investments
Divorcing couples are not the only ones who can benefit from a Prenuptial Agreement. When a couple decides to divorce, a Florida Prenuptial Agreement can also protect family assets that may be in danger. For example, a family that owns a business together may feel more comfortable with a Prenuptial Agreement. While it may not be the fiancée’s preference, a prenuptial agreement can protect the family business from being subject to equitable division, should a divorce occur in the future.
When To Consider a Florida Prenuptial Agreement
While Prenuptial Agreements are recommended in a number of situations, it is strongly urged in Florida if you:
- Own a business.
- Anticipate receiving a significant inheritance or monetary gift.
- Were previously married.
- Have children from a prior relationship.
- Have significantly more assets than your spouse.
- Earn significantly more than your spouse.
- Are the beneficiary of a trust.
- Are marrying someone with significant debt.
If you are engaged to be married or are considering entering into a civil union, it is important to know all of your legal options. The experienced Florida Prenuptial Agreement attorneys at CPLS can protect your property and monetary assets through careful premarital planning. Contact us today at 407-647-7887 or 877-647-7887 to schedule your consultation.
Common Spelling Variations for Prenuptial