When you find love, it is often a head-spinning experience. Most people on the path to matrimony do not stop to think about future financial matters. As such, they do not have prenuptial agreements in place when they get married. If trouble comes along after the wedding, they may regret not taking steps to protect their assets.
Fortunately, there is a highly effective alternative when it is too late to draft a prenuptial agreement. This alternative — a postnuptial agreement — works in much the same way as a prenup in terms of protecting your personal assets. As its name suggests, postnuptial agreements are put in place after a couple is already married.
In our Tampa family law practice, we often counsel married couples who regret not signing prenups before they married. Our attorneys sometimes suggest postnups as a viable solution. This document can help Florida couples effectively address marital financial issues so that each party receives fair treatment during their marriage and if divorce should become an option.
Following are some of the most common reasons couples decide to create a postnup:
- To protect the finances of children born from prior relationships
- To define how a couple will manage their marital assets
- To define how one or both spouses address debts or liabilities
- To secure the financial future (in case of divorce) for a spouse who gives up a career for the family
Considering prenups or postnups can make couples feel as if they are prematurely planning for a divorce. We encourage you to look at these documents as tools rather than precursors to divorce. With the right approach, you can use these tools to strengthen your relationship so that it might endure any turbulence that comes your way.
We invite you to continue reviewing our website if you need additional information about family law matters.