Getting A Prenuptial Agreement In Tampa Can Provide Important Estate Planning Benefits

Prenuptial agreements are not just for celebrities or wealthy individuals. For any couple who is about to get married, it provides open communication regarding money, clarifies expectations, and can help avoid disputes that can jeopardize your relationship. It can also offer important benefits when it comes to estate planning in Tampa.

The Advantages of Getting A Prenuptial Agreement

If you are getting married, getting a prenuptial agreement may be the last thing on your mind. Between the excitement surrounding your engagement and all the preparations regarding the big day, bringing up the topic could be seen as a major downer.

Unfortunately, prenuptial agreements often get a bad rap and may be viewed as a sign of doubt about the marriage or your relationship. However, nothing could be further from the truth. A prenup helps ensure both parties are protected and can actually help prevent a divorce. According to Divorce.com, money is one of the issues couples fight about most. Ways in which a prenuptial agreement in Tampa can help prevent these types of disputes include:

• Opens pathways of communication about money, which is an area of trouble for most couples;
• Provides full disclosure when it comes to premarital property, assets, and debts;
• Clarifies attitudes about money, including spending habits;
• Clarifies lifestyle expectations during the marriage and savings goals;
• Helps prevent misunderstanding and provides a model for future financial discussions.

Estate Planning Benefits Provided By A Prenuptial Agreement

Getting a prenuptial agreement in Tampa can help prevent future fights over financial matters in your marriage. Under the Florida Statutes, it can also provide important estate planning benefits.

A prenuptial agreement allows you to specify rights regarding property and assets, including sales, transfers, and management. If you have not yet created a will or other important documents, it can protect your spouse, providing guidelines to follow in the event of your death or incapacity while ensuring they are provided for properly. Other important benefits include:

• Protects property and assets if you have children from a prior marriage: Clarifying premarital property in a prenup helps protect your children’s rights to their inheritance.
• Protects future family inheritances: A prenuptial agreement can help protect inherited wealth and can ensure heirlooms remain in your family.
• Protects your business interests: Creating a prenup can help protect the investments of time and money into your business, as well as any financial interests of partners and investors.
• Protects beneficiaries in regard to life insurance and other benefits: A prenuptial agreement allows you to designate beneficiaries of life insurance policies and other benefits, specifying the amount each is owned. 

Request A Consultation With Our Tampa Post-Divorce Modification Lawyer

While getting a prenuptial agreement may not seem very romantic, it can help to ensure the success of your marriage while providing important estate planning benefits. To find out more about creating one, reach out to Bubley & Bubley, P.A. Call or contact us online and request a consultation with our Tampa family law lawyer today.

Sources:

divorce.com/blog/causes-of-divorce/

leg.state.fl.us/Statutes/index.cfm?App_mode=Display_Statute&URL=0000-0099/0061/Sections/0061.079.html