Prenuptial Agreement Clearwater, FL
If you are getting married in the near future, you may be thinking about getting a prenuptial agreement Clearwater, FL residents turn to. This legal document is a contract between two people planning to get married that states their rights and responsibilities regarding their assets and debts. Here are a few common myths about prenuptial agreements that you should not believe.
Prenuptial Agreements Are Just for the Wealthy
It is true that wealthy people are more likely to enter into prenuptial agreements before getting married. However, that does not mean that those of modest means can’t benefit from these agreements too. In fact, people with fewer assets may need prenuptial agreements more than very wealthy individuals. If you, for example, have less than $100,000 in assets, you stand to lose more in a divorce.
Asking for a Prenuptial Agreement Means That You Don’t Trust Your Fiance
At first, it may seem like requesting a prenuptial agreement indicates that you don’t have much trust in your fiance. However, this is not always the case. Even if you trust your spouse, you may still want to be practical. After all, half of all marriages still end in divorce.
Judges Don’t Enforce Prenuptial Agreements
As long as your prenuptial agreement is valid, it will hold up in court. The agreement has to be in writing, must be notarized, must be executed before a marriage, has to include a full disclosure and must be fair to both parties. An experienced lawyer can help you draft a valid prenuptial agreement in Clearwater, FL.
Prenuptial Agreements Can Affect Child Support
This is another common myth about prenuptial agreements. In Florida, you are not permitted to waive child support in a prenuptial agreement. A judge will determine child support when parents get divorced.
Prenuptial Agreements Are Only About Money
Prenuptial agreements are frequently used to establish how assets will be divided in the event of a divorce. However, that is not all these agreements are about. For instance, if you wish to have a joint bank account to use for joint expenses, savings and investments, you can indicate that in your prenuptial agreement. Doing this can reduce the number of arguments in regards to how one spouse is spending their money.
If you would like to establish a prenuptial agreement in Clearwater, FL, schedule a consultation with a qualified lawyer at The Mckinney Law Group today.