Prenuptial agreements
Love is in the air. Valentine’s Day is fast approaching. Approximately six million couples worldwide will get engaged this upcoming Valentine’s Day (Source: Huffington Post). Some other fun Valentine’s Day statistics: 224 million roses are grown for Valentine’s Day, $1.6 billion will be spent on candy, $1.9 billion will be spent on flowers, and $4.4 billion will be spent on jewelry (Source: CNN).
If you happened to be one of the lucky lovebirds who gets engaged this Valentine’s Day, after the excitement, “instagraming” of the ring (goes for both guys and gals), and calling all your family and friends, consider discussing your upcoming legal nuptials with a family law attorney. “Why,” you ask? That is not very romantic to get lawyers involved when all you want to do is talk to a wedding planner and taste wedding cakes. Discussing a prenuptial agreement with an attorney early in the wedding planning process can help you get educated regarding you options. Furthermore, a more in-depth understand of the prenuptial agreement process can help you prepare to have a productive discussion with your future spouse regarding a prenuptial agreement.
Antenuptial agreement
There is a big misconception that prenuptial agreements are only for the “rich.” However, every couple can benefit from signing a prenuptial agreement prior to getting married, no matter their financial circumstances. For example, if the couple is young and plan to grow their career and savings. One spouse plans to attend law school and acquire significant student loans. If the couple did not execute a prenuptial agreement, the student loans acquired during marriage are marital liability for which both spouses can be potentially liable for upon divorce. Prenuptial agreements are useful if it is the parties’ second marriage and they have children from the previous relationship. If divorce were to occur, you do not want your second spouse to claim interest in your property, you want to leave it to your children.
The prenuptial agreement process from the beginning to the end might seem a bit daunting. However, a knowledgeable and patient family law attorney can explain the steps to you and make the process easy. It is important to start the process early, in order to have sufficient time to negotiate the agreement both you and your spouse are happy with and to have ample time to gather all the financial documents. The last thing you want is having to worry about the prenuptial agreement couple of weeks before your wedding.
prenuptial agreement florida
If you have any questions regarding prenuptial agreements, call (305) 520-9205.
About the Author: Helena Y. Farber is an attorney in Aventura, Florida, whose practice is concentrated in the areas divorce and family law. She can be reached at (305) 520-9205 or via email at hyf@farberlawpa.com.
Disclaimer: The attorney makes this Blog available for educational purposes only as well as to give you general information and a general understanding of the law, not to provide specific legal advice. By using this blog site you understand that there is no attorney client relationship between you and the Blog. The Blog should not be used as a substitute for competent legal advice from a licensed professional attorney in your state.