Prenuptial contracts were once considered as somewhat ‘amoral’; presuming that a marriage will end in divorce and thus increase the chances of couples seeking a divorce. However, prenuptial contracts proved to be critical in avoiding acrimonious settlements and allowing couples to decide their own terms in the event of a divorce.
When drawing such an agreement, you must consult an experienced prenuptial Broward attorney. Prenuptial contracts can be tricky, but all essential elements must be observed to ensure that a contract is legal and enforceable. In the event of the other party challenging the agreement during a divorce, the necessity of a watertight agreement is critical.
There are many reasons a prenuptial agreement is important:
Protecting your assets: The agreement will clearly define the distribution of assets in a divorce. You can choose to protect all or part of your assets. Without the agreement, the Courts will distribute all marital assets in an equitable manner.
Deciding your own terms: Many couples choose a prenuptial agreement so they can decide on their own financial destiny. It allows them to set the terms on who gets what, without involving the Courts.
Deciding on alimony: Contrary to expectations, a prenuptial contract is not meant to simply protect your assets. Most prenuptial Browardagreements are drawn to achieve a fair distribution in the event of a divorce. Many contracts clearly define the amount of alimony.