A prenuptial agreement is a legal contract that soon-to-marry couples sign (primarily) to separate personal property from marital property in the event of a divorce. Without one in place, you might end up splitting personal property per Florida’s marital property laws, and this might work to your disadvantage.
While a prenup is generally a good idea, it is particularly important that you consider signing one if any of the following describes your situation.
You are coming into the marriage with more assets than your spouse
Whether it is your first or second marriage, it is not uncommon to come into a marriage with significant assets. You may benefit from a large inheritance or a successful business. In this case, it is crucial that you take measures to protect your financial interests in the event of a divorce.
Likewise, if your spouse is coming into the marriage with a huge debt, this should not be your responsibility in the event of a divorce. And the best way you can protect yourself from your spouse’s debts is by ensuring that you have a valid prenup in place before tying the knot.
You are coming into the marriage with children from a previous relationship
If you are coming into the marriage with a child, it’s crucial that you safeguard their interests. Again, a prenup can help you realize this goal. Thus, in the event of a divorce, any personal assets that you’ve set aside for your child will not be put up for division.
Not many life milestones are as significant as getting married. But while most people hope to live happily ever after marriage, some marriages still end in divorce. Having a valid prenup in place before getting married can protect your financial interests in the event of a divorce.