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Prenuptial Agreements: A Roadmap for Financial Partnership

Planning your wedding is exciting and filled with the anticipation of spending a lifetime with your future spouse. While nobody ties the knot with the intention of a divorce, a prenuptial agreement, often called a “prenup,” can offer peace of mind and a solid foundation for a marriage. While it can be viewed with skepticism and a lack of commitment to the marriage, it offers many benefits, such as an opportunity for transparency and a framework for the division of property in the event of a divorce or a spouse’s death.

Doran Sims Wolfe & Yoon: We Help Couples Start Marriages Right 

Our prenuptial agreement attorneys in Daytona Beach, Florida, have more than 140 years of combined legal experience, and we proudly assist the residents of our community with their legal challenges. Marriage is more than an emotional bond; it is an economic partnership. We like to think of a prenup as a marriage planning contract that strengthens a relationship. It is an opportunity to create greater trust and mutual respect. 

Prenuptial Agreements are on the Rise

Historically, prenuptial agreements were for the rich and famous. However, these documents are increasingly common as societal views have changed, and even moderate-income couples are signing prenups. Additionally, couples are getting married later in life when they have accumulated assets and wealth. Many people have watched their parents endure tumultuous divorces, and they have seen the pain of divorce firsthand. A prenuptial agreement is like an insurance policy, knowing they will be taken care of if the worst happens.

What Can Be in a Prenuptial Agreement?

  • A distinction between premarital and marital property
  • The division of assets and debts 
  • Limiting or waiving spousal support
  • Inheritance Rights
  • The naming of beneficiaries for life insurance policies and other financial accounts
  • Distinguishing personal assets from business assets
  • Financial rights of children from a prior relationship

Can a Prenup be Challenged?

It is vital to have an experienced family law attorney draft your prenuptial agreement to minimize legal challenges. If the terms and conditions of the document are ambiguous, the agreement heavily represents one spouse, or if it was signed under duress or coercion, you may be able to challenge the prenup in court. One of the most common reasons to challenge a prenup is an allegation of fraud when one partner does not fully disclose their assets and liabilities. 

Protect Your Future with a Customized Prenuptial Agreement

At Doran Sims Wolfe & Yoon, we draft agreements that protect your best interests today and in the future. Every couple’s needs, concerns, and goals are unique, and a couple’s life stage impacts the content of the prenup. For example, a young couple starting their careers will have a very different prenup than an older couple with prior marriages and children. When initiating a prenuptial agreement, our lawyers want to know your relationship history and details about your finances. Trust our experience at Doran Sims Wolfe & Yoon to guide you through the process, ensuring an agreement tailor-made for you and your partner.

At Doran Sims Wolfe & Yoon, we wish you a lifetime of love and happiness with your spouse. But being prepared empowers you to navigate any challenges that may arise. Call our Daytona Beach, Florida office at (386) 253-1111 to schedule a FREE INITIAL CONSULTATION to learn more about prenuptial agreements. We have the experience you want for the results you need.