Prenuptial agreements get a bad rap—many people are reluctant to broach the subject with their intended because of the stigma. Wanting to protect yourself and your assets or shield yourself from your soon-to-be spouse’s debt doesn’t mean that you don’t believe your marriage will last. Think of prenuptial agreements like insurance. You purchase homeowner’s insurance for protection, but you don’t anticipate your house burning down.
Do you need to learn more about a customized asset protection agreement before you say “I do”?
At The McKinney Law Group, we provide experienced insight into Florida prenuptial laws and personalized legal advice so you can decide if a prenuptial agreement is right for you and your fiancé. We get to know your goals and priorities and show you how a prenup can help you. Contact us today to speak with a Florida prenup lawyer.
Customized Protections From A Florida Prenup Lawyer
We start by getting to know you, your current financial state, and your goals. This allows us to demonstrate how a prenuptial agreement can benefit you. We customize the agreement to meet your needs and can include as many or as few protections as you wish.
The goal of a prenuptial agreement is to make a divorce as least contentious as possible, at least when it comes to dividing assets and assigning debts. You may have certain obligations financially, that a prenuptial agreement can protect.
For example, we often work with couples on a second or third marriage who each have financial responsibilities to children form other relationships or spousal support obligations. A prenuptial agreement may simply be the best way to preserve each spouse’s respective responsibilities. In some cases, post-nuptial or pre-nuptial cases may serve as a map for dividing financial obligations, dividing assets, providing spousal support, and paying debts in cases where the couple separates before the divorce.
Keeping You Involved And Providing Answers
The goal of a Florida prenup lawyer is to ensure that you’re properly informed about legal options to protect your rights and assets while avoiding certain conflicts in your marriage. Whether you opt for a prenup, post-nup, or neither, we want to ensure that you have the best information to make the right decisions for your family.
We also review any pre-or post-nuptial agreement you are presented with on your behalf. You have the right to have your own lawyer read over a pre-up and determine if it’s fair to you. We’re here to negotiate a more equitable agreement to represent your interests and goals and make sure that, if the unthinkable happens, you’re protected and have the wherewithal to move forward after the marriage dissolution.
Schedule A Personalized Consultation With A Florida Prenup Lawyer
If you’re engaged, thinking about marriage, or already married but worried about your assets or debt obligations, we’re ready to help. The McKinney Law Group represents people who are considering marriage and those who are already married, drafting prenups or post-nups to protect your interests. We can help you preserve your relationship and protect what you’ve worked so hard for. Contact us today for a consultation with a Florida prenup lawyer.
Understanding Prenup Law And Determining The Wealth Threshold For Consideration
Our Florida prenup lawyer has witnessed the significant attention that prenuptial agreements have garnered in recent years. These legal contracts, established before marriage, outline the division of assets and financial responsibilities in the event of a divorce. While historically associated with the wealthy, prenups have become increasingly relevant to a broader demographic. At The McKinney Law Group, we believe that understanding the essentials of prenup law and the circumstances under which one should consider a prenup is crucial for protecting your financial future.
What Is A Prenuptial Agreement?
A prenuptial agreement is a legal document created by two individuals before they marry, detailing the management and division of their assets in case the marriage ends. This agreement can cover various aspects, including property division, spousal support, and the handling of debts. By setting these terms in advance, couples can avoid potential conflicts and ensure that both parties’ financial interests are protected.
Benefits Of Having A Prenup
The primary benefit of a prenup is the clarity and security it provides. Couples can explicitly state how they want their assets divided, which can prevent lengthy and costly legal battles in the future. A prenup can also protect individual assets acquired before the marriage, ensuring that family heirlooms, business interests, or investments remain with their original owner. Additionally, it can define spousal support terms, offering financial predictability for both parties.
When Should You Consider A Prenup?
There are various factors such as financial status, family circumstances, and personal preferences that will come into play when determining whether to establish a prenuptial agreement. While there is no one-size-fits-all answer, several scenarios typically warrant considering a prenup.
Significant Assets Or Income
If either partner has substantial assets or a high income, a prenup can safeguard these assets. This protection is particularly crucial in states like Florida, where equitable distribution laws could result in a considerable portion of one’s assets being awarded to the other spouse in a divorce. As a Florida prenup lawyer, we often advise clients with significant wealth to consider a prenup to maintain control over their financial future.
Ownership Of A Business
Business owners should strongly consider a prenup to protect their enterprise. A prenup can stipulate that the business remains with its original owner, preventing a situation where the business might need to be sold or divided in the event of a divorce. This protection ensures that the business can continue operating smoothly without the threat of financial disruption.
Previous Marriages And Children
Individuals entering a second or subsequent marriage, especially those with children from prior relationships, should consider a prenup. This agreement can help ensure that assets are distributed according to one’s wishes, protecting the inheritance rights of children and other family members.
Debt Protection
If one partner has significant debts, a prenup can protect the other partner from assuming liability for those debts. This protection is vital in maintaining financial stability and preventing one spouse’s financial issues from impacting the other’s credit and financial health.
How Much Wealth Is Necessary To Consider A Prenup?
While there is no specific wealth threshold for considering a prenuptial agreement, certain financial situations often warrant serious consideration. Generally, if you have assets or income that you wish to protect, a prenup is a wise investment.
Couples with assets exceeding $50,000 should consider discussing a prenup. This amount may include cash savings, property, investments, or retirement accounts. However, the necessity for a prenup isn’t strictly tied to a monetary value. Factors such as potential future earnings, business interests, and family heirlooms also play significant roles.
For couples with a net worth of $100,000 or more, a prenup becomes even more advisable. As wealth increases, so does the complexity of asset management and division, making the clear terms set by a prenup even more valuable.
The Role Of A Legal Professional
Working with an experienced lawyer is essential to ensure that the agreement is legally sound and tailored to your specific needs. Our team offers a skilled and compassionate approach when facing matters of this nature, and understands the nuances of Florida prenuptial law and are dedicated to helping our clients create comprehensive agreements that protect their interests.
Ensuring Financial Protection Through Prenups
For anyone looking to protect their financial future and avoid potential conflicts, it’s important to consider a prenuptial agreement, a legal contract that can act as a practical tool. If you have significant assets, own a business, have children from previous relationships, or are concerned about debt, a prenup is worth considering. We encourage you to reach out to Mr. Mckinney, a seasoned lawyer with more than 18 years of experience who will offer personalized advice and support. Contact The McKinney Law Group today to schedule a consultation with a Florida prenup lawyer and take the first step toward safeguarding your financial future.