Prenuptial and Postnuptial Agreements: Your Future May Be at Stake
Each day, normal, every day, practical people take steps to protect their futures. They purchase life insurance, home insurance, save money, and even buy real estate with an eye towards what is, or what may be lie ahead. It doesn’t necessarily mean they expect an untimely death, house fire, or loss of job, but they want to be prepared for unfortunate circumstances.
The same can be said for prenup agreements. The increasing number of couples getting prenup agreements generally aren’t expecting divorce. They just are forward-thinking and want to be prepared, even for the unthinkable.
When couples marry, their short and long-term futures are at stake. Here are some ways in which a prenuptial or postnuptial agreement can help.
It Can Identify Premarital Assets
A prenup or postnup can help identify premarital assets. This helps assure that the assets you bring into a marriage will remain yours should the marriage not work.
It Can Identify Responsibility for Debts
Like assets, a prenup or postnup agreement can identify debts and determine who will be responsible for them. This not only can impact your future finances, but your credit rating.
It Can Allocate Alimony
When couples are able to agree on a fair alimony, a prenup or postnup can take alimony out of the equation. Both parties would know what the future holds should a breakup occur.
It Can Help Determine the Fate of a Business
Whether a business was started by one party prior to marriage or a business was started during a marriage, prenup and postnuptial agreements can clarify how the value of that company will be handled. Depending on the size of the company, these agreements can be complex. When a business is involved, an attorney experienced in prenup and postnup agreements and high-asset divorces can be crucial.
An Inheritance Can Be Protected
If an inheritance isn’t specifically accounted for through a prenup or postnup agreement, it potentially could end up as part of marital assets. With some planning, you should be able to keep it for yourself should the need arise.
When you consider all the steps we take every day in building and protecting our futures, postnuptial and prenuptial agreements just make sense.
If you are planning to wed or are currently married without a marriage agreement, we can help protect your future. We are a Tampa, Florida, legal office that specializes in family law, high-asset divorces, and prenuptial and postnuptial agreements. We understand Florida marital laws and what it takes to create a thoughtful agreement constructed on a solid foundation.
Get started with a no-cost consultation. Get answers to your specific questions and see how a prenup or postnup agreement can help protect your future.
If you have questions about a prenup agreement or a postnup agreement or require legal assistance in other areas of Family Law in Tampa, Florida such as high asset divorce you may always contact Damien McKinney of The McKinney Law Group to discuss your case further. He can be reached by phone at 813-428-3400 or by e-mail at [email protected].
We now offer online prenuptial agreements. Contact us to inquire further about our online prenup option.