A business owner may want to take steps prior to getting married to protect the business, should they later decide to end their marriage, especially considering that a business is often a person's most valuable asset.
Many people in Florida have heard of premarital agreements, also known as prenuptial agreements. Some may even have executed one prior to getting married. These are valuable documents that can ensure that, should the couple later divorce, financial issues such as asset division and alimony will be resolved much more smoothly. Of course, for a variety of reasons, a couple may never get around to executing a premarital agreement. When this happens, do couples in Florida have any other options to protect their financial interests in advance should their marriage not last?
When a couple in Orlando decides to divorce, the decision may be one filled with emotion, even if they both agree that ending their union is the right thing to do. However, such emotions can sometimes cloud their judgment or cause drama. This is especially true in a high-asset divorce, where couples are dealing with millions of dollars in assets. Unfortunately, when a person is unable to step back and objectively assess their financial situation, it could mar their ability to reach a fair settlement agreement.
Prenuptial agreements can be integral parts of any divorce. But it goes without saying that if you bring more assets to the table as a couple, then a prenup is more important to you and your marriage. This is why many high asset divorces involve prenuptial agreements: there is simply more to protect and thus a prenup is critical to this process.