If you are engaged and planning your wedding in Tavares, the one thing you do not want to overlook is a prenuptial agreement. You may think it is a contract that only benefits the wealthy, but it can be a beneficial document if you have children from a previous relationship, a business or assets.
You might not enjoy the thought of creating a document that helps you to protect your interests in the event of a separation or divorce. However, finances often become a major aspect of marriages. To prevent turmoil, distress and a potential divorce battle if your marriage does not work out, consider the following information about prenuptial contracts.
Talk to your partner
Arrange a time well in advance of your wedding date where you and your partner can talk objectively about your expectations and goals. Let them know you wish to have a prenuptial contract. Keep in mind that a prenuptial agreement does not diminish your feelings for your intended spouse. It is simply to minimize any potential conflicts and issues you both may encounter in a divorce when it is time to split assets.
Go over your personal and combined assets
Many married couples combine their assets. Separating them is not always easy. When creating your contract, you and your partner must provide complete financial disclosure. You should also create goals that you hope to achieve with the document. You can also use the document to anticipate divorce concerns and include settlement information. Keep in mind child support and alimony are off limits in prenuptial contracts.
If neither of you feels comfortable with entering into an agreement now, you do have the option of doing so after your wedding. Many couples find they are ready to identify their financial needs should divorce arise after some time has passed in their relationships. Before you decide to go with a post-nuptial agreement, be sure to learn about how it differs from a prenuptial contract to avoid complications that can render portions or all of it invalid.
If you are not sure if a prenuptial or postnuptial contract is right for you, you might find it beneficial to discuss your concerns with an attorney for guidance.