Largo Prenuptial & Postnuptial Agreements Lawyer
More and more couples are entering pre and postnuptial agreements these days in order to both protect themselves and protect their partners. A prenuptial agreement is a legal document signed before marriage that outlines where certain finances will go, usually describing how property and debt will be kept separate. A postnuptial agreement does the same thing, except that it is created and signed after marriage has already been finalized. You can sign a postnuptial agreement days after you get married or years after, and many people have valid reasons for doing so in order to help their relationship last, provide stability to their children, and ensure their business partners that there will never be any unexpected owners.
What are the Most Common Reasons for Signing a Prenuptial or Postnuptial Agreement?
- Inheritance: If you or your spouse expects to inherit a large amount of money or property, you or your family may wish for it to be kept seperate. Inheriting a valuable family heirloom that has been passed down from generation to generation is another reason to sign a prenuptial or postnuptial agreement;
- Protection from Debt: Debt is one of the main reasons a couple gets a prenuptial agreement. You can protect your fiance from your crippling debt by keeping your assets and debts separate;
- Addiction: If one of the spouses has an addiction, keeping finances separate may be a wise choice for all involved. According to Vox, nearly half of the population knows someone who is addicted to illegal drugs. Alcoholism, addiction to gambling, and other addictions are also reason to enter into a pre or postnuptial agreement;
- Difference in Finances: When two people are marrying that have vastly different finances, it is often best practice to keep finances separate by getting a prenuptial. It may seem harsh, but it could be the safe thing to do; and
- Difference in Age or Marrying at an Older Age: According to CNBC, people are marrying at older ages these days, with the median age of a first-time bride at 26.5. The older you are, the more money you likely have, and the longer that it will take to make those finances up if you lose much of it in a divorce. If you are marrying someone who is a much different age than yourself, or you are marrying past your 50s, a prenuptial agreement may be a smart move.
Call Our Largo Family Lawyers Today for Help
Prenuptial agreements help business owners from suddenly losing part of their business to their husband or wife in a divorce, they allow children from a prior marriage to get their inheritance, and they protect against one spouse’s horrible credit score. They are not just for the rich and famous. Talk to a Largo prenuptial & postnuptial agreement lawyer with Cairns Law, P.A. today at 727-683-1472 to set up a free consultation at your soonest availability.