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What can I include in my prenuptial agreement?

On Behalf of | Nov 30, 2017 | Blog

You may understand the benefit and positive aspects to drafting a prenuptial agreement, but you may not understand how this can benefit you specifically. These legal agreements are not only for wealthy Florida couples and those with valuable assets, they can also prove beneficial for couples of all income levels. A prenuptial agreement would provide you with a measure of security for the future.

If you are getting married in the near future, you may find it beneficial to think about the ways you can plan for your long-term well-being beyond the wedding day. While it may not seem romantic or even necessary, a prenuptial agreement can allow you move forward with certainty and confidence.

A custom-tailored protection plan

You have the right to custom-tailor your prenuptial agreement to suit your individual needs and objectives. Your financial situation is unique, and your legal protections should be as well. Some the things that you can consider including as part of your prenuptial agreement include the following:

  • Terms regarding the potential distribution of marital debts in the event of a divorce
  • Provisions regarding the care and inheritance of children from a previous marriage
  • Protections for your existing estate plan
  • Details over the financial responsibilities of each spouse over the course of the marriage
  • Terms that will allow you to keep your family’s property in the family

While you may be able to make your prenuptial agreement to suit your individual needs, there are limits to what you can include. You cannot include terms regarding the custody of any future children, nor can you address child support matters.

One spouse cannot use a prenuptial agreement to get the other spouse to waive his or her right to alimony either. When it comes to what you can and cannot include in your agreement, you may find it beneficial to seek a full understanding of the legal options available to you.

Beyond the wedding day

Some couples may refrain from talking about these important matters because they are afraid that it will cause hurt feelings or initiate financial conflict. However, many couples find that talking about the terms of a prenuptial agreement and discussing financial matters can actually help them start their marriage off on a stronger financial footing.

When it comes to the protection of your interests or the appropriate guidance for navigating family law concerns, you would be wise to seek the help you need as soon as possible.