If you are preparing to be married, you know that there is a lot of planning involved with taking this step. However, planning the wedding is just the first step — there are ways that you can prepare and protect yourself far beyond just the day you get married. One of the ways you can do this is by having a prenuptial agreement drafted.
Florida readers know that money is one of the most contentious issues in a divorce. From dividing marital debt to paying alimony, you likely have serious concerns about what the end of your marriage will mean for your post-divorce financial stability.
The decision to divorce does not mean that your Florida small business will cease to function. In fact, your family-owned business can continue to prosper, even while you walk through the entire divorce process. However, the end of your marriage will affect your business in a few ways. For example, which spouse will keep the business? Can you share ownership after divorce? Is it possible to retain full or sole ownership?
While planning a wedding, the last thing you want to think about is the marriage potentially ending in the future. No one enters a marriage planning on it to fail, but there are ways that you can protect your legal and financial interests through a prenuptial agreement.
In a divorce, financial matters can be complicated, and heated and complex disputes can arise over matters pertaining to property division. These issues are particularly difficult if there are complex or unusual assets at stake, such as an inheritance received during the course of the marriage.
You have worked hard for the money that you have saved and set aside for retirement, and you may fear that an impending divorce could take a big portion of it. The truth is that divorce will likely impact your retirement in some way, but that does not necessarily mean that you will have to halt or change your long-held dreams for your golden years