When Florida residents marry, they undoubtedly have hopes for the future that they will remain a happy couple. While this is certainly a possibility, the possibility also exists that the relationship will fall on hard times and end in divorce. As a result, it pays to prepare for such risks by creating a prenuptial or postnuptial agreement.
These agreements serve similar purposes, but a prenup is created before the marriage, while a postnup is created after marriage. Many people are unfamiliar with a postnup, but it could be a beneficial document to create after tying the knot in efforts to preserve everyone’s best interests. Of course, creating either a prenup or a postnup does not mean that the marriage is doomed to divorce.
Some beneficial reasons to create such an agreement include:
- It could allow each party to have a fair outcome if a divorce does eventually take place, particularly in regard to property division.
- Both parties may feel more at ease in the relationship knowing that a divorce would not wreck their financial future.
- The agreement could protect parties from each other’s differing money habits, which could reduce arguments over money and lead to more financial harmony in the relationship.
If interested in creating a prenuptial or postnuptial agreement, Florida residents may want to gain more information on this document. There are certain restrictions that could apply, and the document must comply with state law in order to be deemed valid. Working with experienced family law attorneys could better ensure that these agreements are legally binding and have everyone’s best interests in mind.