3 Problems You Can Solve By Signing A Prenuptial Agreement

Prenuptial agreements can do more than limit the amount of money your trophy wife can take from your vast fortune in the event of a divorce.  In an age where households with six-figure incomes are living paycheck to paycheck, most of us can’t even afford the paper on which to print a prenuptial agreement or the pen with which to sign one, let alone a trophy spouse.  This is all the more reason to sign a prenup, as an increasing number of young couples have realized.  According to a recent Harris poll, 40 percent of prenuptial agreements signed in the past ten years have been between couples where both spouses were below the age of 35.  Serah Lewis of Yahoo Finance hypothesizes that this is because the younger generation understands that marriage is a financial partnership, and that just as business partners should put their agreements in writing, so should marriage partners.  Whatever your motivation, a prenuptial agreement can prevent conflict over finances during your marriage and in the event of a divorce.  To reduce financial stress in your marriage, even if you and your spouse are determined to stay together forever, contact a Boca Raton prenuptial and postnuptial agreement lawyer.

Your Ex-Spouse Becoming Your Business Partner Against Your Will

Unless you indicate otherwise in a prenuptial agreement, then the appreciation in value during your marriage of the assets you owned before you got married count as marital property.  In other words, if you owned a house before you got married, but its value increased by $100,000 during your marriage, the court could order you to pay part of that $100,000 to your ex-spouse in a divorce settlement.  This goes for business interests, too.  If you established the business with a partner, the court could award part of the business to your ex-spouse if you divorce.  The surest way to prevent this is by signing a prenup.

Getting Stuck With Your Ex-Spouse’s Debts

Weddings where both spouses are in debt are the norm these days.  One of the most common reasons that young couples sign prenups is to hold each spouse harmless for the other’s student loans and other debts.

Stepparent Wars Now and During Probate

No matter your age, you should sign a prenup if either spouse has children from a previous marriage.  Even if you and your spouse stay together for the rest of your lives, a prenuptial agreement can prevent disputes during probate between the surviving spouse and his or her stepchildren.  The prenuptial agreement can be the first step in an estate plan that can eventually include revocable trusts, lady bird deeds, and waiving an elective share of your spouse’s estate.  If you keep your plans consistent throughout your long marriage, then disgruntled stepchildren cannot allege undue influence during probate.

Contact Schwartz | White About Prenuptial and Postnuptial Agreements

A South Florida family law attorney can help you conclude a prenuptial or postnuptial agreement with your spouse.  Contact Schwartz | White in Boca Raton, Florida about your case.

Source:

yahoo.com/now/millennials-driving-rise-couples-getting-110000445.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAE8lwf7P1dE0sUOhzhyIQFtKa5fs2popvCxtAFNJ18pdLxw9iea8HhiAMMU9zo59ciGihPnrfKOrx9mI9KdXvjqJ7idlCvr6Uq4WIAHWzxc7V8J0iT3MzDzIFFQZm7NDIktDJPBYTsNIdFLk-8TOZZ87Yoq0bZIQBavI3TcQmxDx