Prenuptial Agreement Lawyer in Sunny Isles Beach, Florida
Marriage is often thought of as an emotional decision that two people make to share their lives together. However, couples seldom consider that marriage is also a financial and legal decision that binds two people’s assets and financial health together for life. If you are getting married, it is important to consider the ways in which your marriage can impact you legally and financially. Unfortunately, few couples take the time to discuss finances before they marry and the consequences can be great. Too many couples fight about finances. Sometimes a discussion about each party’s financial rights and responsibilities before the marriage can make an immense difference in a marriage’s success.
If you are getting married, you may want to consider drafting a prenuptial agreement. As more couples get married older, enter into second marriages, or get married with student loan debt, or other debts and assets, more couples are finding it helpful to draft prenuptial agreements before the wedding. There are many misconceptions surrounding prenuptial agreements. Signing a prenuptial agreement doesn’t mean that you plan to get divorced or that you are the wealthy heir to an oil fortune. However, if you do have wealth, property, or debts, or if this is your second marriage, a prenuptial agreement may be essential to protecting your rights. A prenuptial agreement is not only a legal document, but it can also be the start of a productive conversation about finances that you and your partner can carry into your marriage.
Sandy B. Becher is a prenuptial agreement lawyer in Sunny Isles Beach, Florida who works with couples to draft valid and sound agreements. If you want to protect your assets, protect your inheritance, clarify debts, and clarify each party’s financial responsibilities in the marriage, contact Sandy B. Becher, a prenup lawyer in Sunny Isles Beach, Florida who can walk you through the process. Additionally, if you have been asked to sign a prenuptial agreement, it can be helpful to have a lawyer review the document before you sign. Don’t sign away your rights before a lawyer has had a chance to look over the contract.
Should I Draft a Prenuptial Agreement Before I Get Married?
A prenuptial agreement is a contract that clarifies each person’s financial responsibilities and rights. There are many false preconceptions about prenuptial agreements. Here are some cases where couples may choose to enter into a prenuptial agreement in Sunny Isles Beach, Florida before they get married:
- Second marriages. If this is your second marriage, you may have certain financial responsibilities related to your first marriage. For example, you may have to pay child support or alimony. You may have children from your first marriage. If this is your second marriage, a prenup can clarify what assets and property your children will be entitled to receive should you pass away. If you don’t have a will, intestate laws will automatically pass your assets on to your current spouse. A prenuptial agreement can clarify your wishes regarding what you want your children to receive from your estate.
- If you are entering a marriage with significant student loan debt or other debts, a prenup can help clarify who is responsible for the debt. If you expect that either party may enter into debt during the marriage, it is important to clarify how debt will be owned or shared during the marriage. For example, if one partner plans to go to medical or law school and incur student loan debt, will both parties be responsible for paying the debt, or will just one party be responsible? Clarifying this before you get married can lead to fewer misunderstandings and arguments, while also protecting both parties’ rights.
- Property. If you or your future partner own property, a prenup can clarify who owns what. Will you share ownership after you enter into the marriage? Or will each party maintain ownership of their own assets. If you have a nest egg or savings account, a prenup can also clarify who owns what. When couples get married, they often blend their incomes and assets, which can create confusion later should both parties decide to part ways.
- If you own a business. If you run your own business, it may be wise to draft up a prenuptial agreement, especially if your partner will join you in the business.
- If you plan to receive inheritance. We often think about the very wealthy when we think about inheritance, but the truth is that most people receive some kind of inheritance after a parent passes away. This may be a house, land, or antiques passed down through the generations. If you receive inheritance within a marriage, it could be considered community property under the law and subject to equitable division should you get divorced. A prenuptial agreement can clarify who will own inheritances.
- Start a financial discussion. Drafting a prenuptial agreement is an excellent way to start a serious discussion about finances before you take the plunge and get married.
If you are planning to get married soon, consider speaking to Sandy B. Becher, a prenuptial lawyer in Sunny Isles Beach, Florida. Our firm can walk you through every step of the process. A prenuptial agreement is a great way to start a marriage on the best financial foot possible.
Writing a Valid Prenup in Sunny Isles Beach, Florida
Now, more than ever, judges and courts are taking prenuptial agreements into account when making decisions about dividing assets during divorce. More and more couples are drafting prenups before they get married. It is just good common sense and is no longer a practice done by the wealthy or by those entering a third marriage. However, it is important that your prenup be written in a manner so that it will be viewed favorably should it ever need to be used in court. Furthermore, if you are being asked to sign a prenuptial agreement, it is important that you fully understand what rights you have under the agreement. Sandy B. Becher is a prenuptial agreement lawyer in Sunny Isles Beach, Florida who helps couples draft valid prenups. Contact our prenup lawyer in Sunny Isles Beach today to learn more.
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