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Is Signing a Prenuptial Agreement Right for You?

Is Signing a Prenuptial Agreement Right for You?

Is Signing a Prenuptial Agreement Right for You?

Because of the common disputes that arise during divorces over finances and child custody rights, more people are seeking for a means through family law in Orlando to ensure that separating from a spouse is easier and more agreeable. A prenuptial agreement is a critical tool used to protect each spouse’s interests in the event there is a separation in the future.

Before you agree to a prenuptial agreement, it is highly recommended that you find an attorney that is well-versed in family law in Orlando and consult with him about the benefits and pitfalls to expect when putting one in place. Here are some important reasons why prenuptial agreements are important and are a fundamental part of family law in Orlando.

  • Owning a business that you have worked hard for over the years may be exposed during property division. Your spouse may have rights to part of your businesses as part of shared assets. If you operate a partnership business, this can lead to a lot of stress. By having a prenup in place, you can ensure that your ex-spouse does not get part of your company.

  • As a stay-home parent, you may have given up your job and the chance at a career to stay at home to take care of the children. This directly impacts your income and financial position. A prenuptial agreement can help you secure adequate financial support to ease the burden of taking of children on your own.

  • Marrying someone with a high debt load is always a problem from the beginning. In the event of a divorce, family law in Orlando may rule that you have responsibility for some of the debts. A prenuptial agreement can shield you completely from this and stipulate that each partner’s debt is non-transferrable in the chances the marriage hits the rock.

  • When you are wealthy, you tend to doubt your partner’s intentions for wanting to marry you. You can never be too sure whether your spouse is after true love or your wealth. Any divorce lawyer with experience in family law in Orlando will advise you to have a prenuptial agreement so that you protect your money and limit your financial exposure in the event of a divorce.

  • Protecting your children and ensuring there is a trust fund for them after a divorce or your passing is also a great use for prenuptial agreement. This is especially important in the event of a blended family where both spouses are coming into the marriage with children from previous relationships. A prenuptial agreement will ensure that the children are protected during separation or divorce.

If you are considering a marriage and feel the need to put some protective structure in place, do your research to see what your options are recommended by family law in Orlando. It would be important to also discuss with an attorney who would help you understand any statutes or requirements in family law in Orlando about marriage and prenuptial agreements. This seemingly small step will help prevent a lot of heartache in the future.