Although taking selfies with your partner is more romantic than signing a Prenuptial Agreement, Prenups are without a doubt more important for the protection of your financial future, for people of all ages. When considering a Prenuptial Agreement, there are at least 3 “parties” to consider (in addition to any considerations for existing children): There’s you, there’s your partner, and then there’s your relationship. Prenuptial agreements can benefit all three, as well as any new (step)children you or your partner may have.
A Prenup benefits the financial well-being of each person in the relationship, by protecting each party’s separate property including any business, inheritance, assets, asset growth, and estates, including the opportunity to have a frank discussion about alimony in advance. In addition, a Prenup also benefits the well-being of family relationships, both the couple’s relationship and the blended family; by disclosing your finances before the marriage, you minimize surprises after the marriage because you’ll have the opportunity to consider financial and emotional aspects in advance. When certain issues can be addressed before the wedding, the relationship reaps the benefit by uncovering any expectations, miscommunications or feelings one or both parties didn’t know existed. Although a spouse may initially have assumptions and/or expectations, laying all the assets, liabilities and frank discussions on the table, along with the terms of the Prenup, including who the assets and liabilities will belong to in the event of death or divorce, will presumably increase the chances of family harmony and the success rate of the marriage.
While it’s true that Prenuptial Agreements are no longer made only for the very wealthy, and most people don’t enter a marriage thinking that it will end in divorce, divorce is nonetheless a potential concern across cultures and age brackets. Although we still have one of the highest divorce rates in the world (and the probability increases with each subsequent remarriage), a Prenup is by no means an indicator of the likelihood of divorce or of the strength of your relationship. Instead, a Prenuptial Agreement is only a reflection of how responsible each of you are regarding your finances, since it will protect each of your rights and clarify your obligations to each other in advance of your marriage.
For a specially-tailored and effective Prenuptial Agreement in Florida, contact attorney Isabel Betancourt-Levey.