A prenuptial agreement is a way individuals planning to marry can, for instance, protect and classify certain property in the event of a future conflict. But, because of the countless changes life brings, such agreements can easily become outdated even months from the initiation of the agreement.
Getting married is an exciting event and marks a milestone in a person's life. Those in Florida who are planning to get married are no doubt hoping the union will last a lifetime. However, the unfortunate reality is that not all marriages last, and some estimates place the rate of divorce around 50 percent. In light of this, some say that prenuptial agreements can help couples avoid contention in the future by protecting each party's assets and defining each individual's rights and responsibilities. On the other hand, others claim that using a prenuptial agreement shows a lack of trust and creates a sense of foreboding that the marriage will fail.
Making it three in a row on prenuptial agreements, today's post will be looking at the possibility of challenging a prenuptial agreement. Now, that concept may seem like a fever dream. "You can't challenge a prenup," you may think to yourself. "Those contracts are solid as a rock. No judge will ever overturn them."
In our last post, we talked about discussing money and prenuptial agreements with your soon-to-be-spouse. Money is important -- we'll say it even though it goes without saying. And when two people walk down the aisle together, the financial side of their relationship is immensely important. Discussing this factor in your relationship is inherently important.
When two individuals are happily in love, signing a prenuptial agreement may seem like a mood killer. It’s not something many individuals want to discuss when they are finding a wedding venue, inviting guests and picking out their wedding colors. But as many cases have proven, taking that extra step can really be a smart decision in the long run.
We previously heard about actress Halle Berry's child custody battle with her ex-boyfriend over their 7-year-old daughter. Now Berry is dealing with yet another family law issue - divorce. The actress married Olivier Martinez in 2013 in France. Four months before their July wedding, Berry announced that she was expecting a child with Martinez. The boy, named Maceo, was born in October of that year.
When two individuals put together a prenuptial agreement, the hope is that they will never have to use it. Many years, even decades, may go by without even a mention of the agreement; that is, until one of the spouses wants to divorce. After decades of marriage, the other spouse may feel as though the guidelines agreed upon in the prenup should be tossed out, especially if there has been substantial asset growth during the marriage.
You've spent a good portion of your life working toward your career goals and have established a thriving business or found a position at a Fortune 500 company. You are proud of how far you have come and the assets you have accrued. To make things even better, you have found the love of your life. The two of you are engaged and making plans to get married.
We have talked a lot about the benefits of having a prenuptial agreement written up when two people in Florida plan to marry. It can be extremely helpful in case the marriage breaks down. It basically allows you and your spouse to outline how you want your property to be distributed instead of having a court decide for you.