Many newly engaged couples are too content in their infatuation to consider the possibility of divorce. The truth, however, is that nearly half of all married couples end up filing for divorce, and if you are planning a wedding, it is important that you and your spouse are on the same page regarding your financial future.
According to CNBC, prenuptial agreements have become more popular in recent years. In fact, attorneys have reported a fivefold increase in the number of prenups over the past two decades.
In addition to protecting your financial interests, creating a prenup can actually strengthen your relationship because it will ensure that you and your spouse are entering the marriage for the right reasons. It will also bring uncomfortable yet important subjects into the conversation – such as what will happen if one spouse dies or if you get divorced.
If you need help creating a prenuptial agreement, contact Sandy B Becher PA. Mr. Becher has been providing clients with exceptional legal representation for more than two decades. Call 305-860-5811 to schedule a consultation with a family attorney in Miami.
Let’s examine four benefits of signing a prenuptial agreement:
- It Can Serve as Part of Your Estate Plan
Even if you and your partner have not yet acquired many significant assets, drafting a will and completing other estate planning tasks are critical once you start a family. As The Wall Street Journal explains, you can use a prenuptial agreement to establish what your spouse will receive in the event of your untimely passing.
- It Can Ensure You Are on the Same Page as Your Fiancé
If one spouse is a spender and one is a saver, a prenuptial agreement won’t change that; however, it will open the door for conversation and ensure that you understand each other’s financial situation.
For example, do you know how much credit card debt your partner will have going into the marriage? Or maybe you have student loan debt that you have yet to mention. Creating a prenuptial agreement can prevent conflict later in the marriage due to undisclosed debts.
- It Can Establish Procedures for Future Financial Scenarios
You may not have acquired many assets yet, but if you plan to open a small business one day or your spouse works in a creative field where the stakes are high but the payouts are higher, your net worth could increase significantly at some point. In a prenup, you and your partner can establish how you will handle future assets as you acquire them.
- It Can Protect Any Children You Already Have
If you have children or grandchildren from a prior manage, you can use a prenuptial agreement to preserve their inheritance rights.
If you are looking for a divorce law firm in Miami to help you create a prenuptial agreement, contact Sandy B Becher PA. Call 305-860-5811 to schedule a consultation with a divorce attorney in Florida.
