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Postnuptial, prenuptial agreement may make divorce easier

As two people say their I Do's in Florida, they may look forward to spending many years, even decades, together. Unfortunately, sometimes, financial issues cause marriages to weaken, ultimately leading to divorce. This is precisely why developing a prenuptial agreement is becoming increasingly popular for soon-to-be married couples in Florida. However, for spouses who are already married, they can still put together a postnuptial agreement, which serves the same purpose as a prenuptial agreement -- to safeguard assets in the event of divorce.

Prenuptial agreements can detail how spouses plan to utilize their incomes along with their assets in their marriages. These legal documents, however, can also provide information on how they plan to split their property if they decide to divorce in the future. In the same way, postnuptial agreements can explain how people would like to divide their assets in divorce, as well as handle issues such as alimony.

Postnuptial agreements may be particularly handy in situations when one spouse becomes wealthy early on in the marriage. For instance, a man may start his own company not long after getting married and rapidly experience financial success as a result. In this situation, it might be beneficial for him to create a postnuptial agreement, explaining that his business-related assets will stay with him should he and his spouse split up later.

In addition to explaining asset division, however, a postnuptial agreement can provide details regarding the splitting of future inheritances, the handling of earnings and the division of debt during divorce. A major benefit of drafting this type of legal document is that it encourages two people to communicate about their finances in a healthy, constructive manner, and as a result, it might actually make their marital union stronger. An attorney in Florida can help individuals to navigate the process of drafting a prenuptial agreement or a postnuptial agreement based on their unique needs in the Sunshine State.

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