815 Orienta Ave. Suite 1030 Altamonte Springs, FL 32701
815 Orienta Ave. Suite 1030 Altamonte Springs, FL 32701
Before getting married, many couples opt to sign a pre-nuptial agreement to protect their assets and secure their financial future. But what happens when things change and the couple needs to re-negotiate the agreement? Is it possible to modify a pre-nup and, if so, what are the pros and cons of doing so?
In this blog post, we will explore the topic of re-negotiating pre-nuptial agreements, including the legal process, the reasons why couples may want to change their agreement, and the risks and benefits involved.
A pre-nuptial agreement, also known as a premarital agreement or prenup, is a contract signed by two individuals prior to their marriage. The agreement outlines the terms of their financial and property rights in case of divorce or death, and can also address other issues such as spousal maintenance and inheritance.
Yes, a pre-nuptial agreement can be modified or revoked by mutual agreement of both parties, as long as the changes are in writing and signed by both parties.
There are several reasons why a couple may want to modify their pre-nuptial agreement. For example, if one party experiences a change in financial circumstances such as a significant increase or decrease in income, the terms of the pre-nup may no longer be equitable. Additionally, if the couple has children or acquires new assets, they may want to revise the pre-nup to reflect these changes.
The main benefit of re-negotiating a pre-nuptial agreement is that it allows the couple to update the terms of their agreement to reflect their current circumstances and needs. This can provide peace of mind and help prevent future conflict in case of divorce or death.
However, re-negotiating a pre-nup can also be risky. For example, if one party feels pressured or coerced into agreeing to new terms, the agreement may be challenged in court and deemed invalid. Additionally, if the couple is unable to come to an agreement on the new terms, it may result in added stress and strain on their relationship.
In conclusion, re-negotiating a pre-nuptial agreement is possible, but it is important to carefully consider the risks and benefits involved. If you are considering re-negotiating your pre-nup, it is recommended that you seek the advice of a qualified family law attorney to guide you through the legal process and ensure that your interests are protected. If you're looking for a family law practice in Altamonte Springs, FL, Contact Frank Family Law Practice today to arrange a consultation.