Prenuptial Agreements – Ounce of Prevention
It is no secret that the average marriage age has been steadily rising. The most recent report indicates that the average couple got married at age 29.
While some people wait until later in life to get married, many others enter into a second marriage after age 50.
Protect Assets & Estates
We have helped many clients address their financial concerns before they get married. A well drafted prenuptial agreement allows us to help them plan for their future and for the future of their adult children and their loved ones. A prenuptial agreement protects their most important assets, their estates, their business interests and their income.
The Uniform Premarital Agreement Act was passed on October 1, 2007. Florida Statute 61.079 provides a clear statutory basis for prenuptial agreements in Florida. Florida courts have consistently held that prenuptial agreements can actually benefit a marriage in some cases where a measure of “tranquility” is added to the relationship.
This line of cases indicates that some relationships may benefit from having a clear understanding of how assets and income will be separated in the event of a divorce. Should a divorce ever become necessary, a well drafted prenuptial agreement allows both spouses to avoid delays and costly litigation.
I hope that this information is helpful for you, your friends, or your clients. If you or someone that you care about has financial questions about entering into a marriage, we are here to help.