When a couple is planning to marry, love and romance are key motivators. However, from a legal standpoint, the concept of marriage is far less romantic as marriage is essentially a contract between two people. Prior to entering into any contact, most people take steps to fully understand what they are getting into and read the fine print and legal disclaimers.
Of course, when it comes to marriage, there are no guarantees and, according to the National Psychological Association, national statistics show that the between 40 to 50 percent of U.S. marriages end in divorce. Fortunately, there are steps individuals who plan to marry can take to protect the assets they bring to a marriage as well as protect themselves against the debts of a betrothed.
A prenuptial agreement helps “establish the property and financial rights of each spouse,” prior to entering into an official marriage contract. While prenuptial agreements were previously intended primarily to protect the assets of the very wealthy, today individuals of all income levels are taking steps to protect their financial interests.
Fort Lauderdale residents who are interested in learning more about the benefits of prenuptial agreements would be wise to consult with a family law attorney. In order to be valid and legally enforceable, a prenuptial agreement must contain specific language and meet certain standards. It’s critical, therefore, to take the time to meet with an attorney who can walk an individual through the planning process and help draft a prenup that, if necessary, will hold up in court.
Source: FindLaw.com, “Can Prenuptial Agreements Help You?, Feb. 24, 2015