After she or he said “Yes”, the planning of the wedding and craziness begins. The couple is in love and looking forward to their future together. Couples should see marriage as a contract and that it has a business aspect to it, just like when you buy a house or a car, you sign a contract. Most contracts contain what you can and can’t do and the consequences for breach of the contract. Marriage contracts do not have any terms or conditions and only a prenuptial agreement can specify what happens if the parties divorce. Most couples don’t want to think about divorce, but almost 50% of first marriages end up in divorce, flip a coin, its 50/50. Whether you have assets, money, or something to protect or you are just starting out and have nothing, you should have a prenuptial agreement from G&R Law for these 5 reasons:
- Prenup will explain how everything is divided in the event of divorce or separation;
- Prenup saves money in legal fees in divorce as everything has been agreed to ahead of time;
- Prenup will specify whether someone will have to pay alimony (money paid by one party to the other for a period of time);
- Prenup will specify who lives in the home if the parties separate or divorce;
- Prenup insures a peaceful transition when the marriage does not work out, the parties may even stay friends.
If you have questions regarding the use or construction of prenuptial agreements or postnuptial agreements, please contact G&R Law, we are a law firm in Coral Gables, Florida.