Many readers of this Florida divorce blog may be familiar with the postings regarding prenuptial agreements. Although they are widely spoken about throughout social media platforms, many people never consider one for numerous reasons. Contrary to what many may believe, prenuptial agreements are not just for the rich and famous, and a prenuptial agreement could help one more than one may originally think.
A prenuptial agreement is a legally binding document stating what will happen to their assets should a couple divorce, in addition to concerns about fidelity and personal rights, such as who raises the children. Although couples do not want to think about a divorce before they even marry, it is always best to be prepared. A divorce without a prenuptial has the potential to cost people most, if not all, of the assets they have.
Four years ago, a study of over 2,300 adults showed that around 15 percent of divorced people wished that they had previously had a prenuptial agreement. The more assets a person has, the more they may wish to have a prenuptial agreement to protect them. A prenuptial agreement will benefit any couple looking to protect their rights and assets in the event of a divorce.
Before marriage, many partners may find themselves hesitant to ask for a prenuptial agreement out of fear of what the other person may think. Many Florida couples considering a prenuptial agreement have a lot of misconceptions. It may be beneficial to become knowledgeable in all aspects concerning prenuptial agreements in an attempt to make the best decision. The last thing anyone wants is to divorce, but with the divorce rate ever growing, it may be better to be protected.
Source: US News, “For Love or money: should you get a prenup?“, Ginger Dean, April 30, 2014