Don’t worry about property division — get a postnup

Money problems are one of the leading causes of divorce, yet few people imagine the potential future money problems they may deal with in their marriage. For these individuals, it can be difficult to reconcile the idea of getting a prenuptial agreement to protect against a problem that they cannot foresee. Married Florida couples can utilize postnuptial agreements to address important issues, such as property division and more.

A postnuptial agreement can address all of the same topics as a prenup, with the one obvious difference being the time at which it is signed — after already getting married. The typical postnup might include things like personal property, debt, income, expected inheritances and how to divide all of these assets. Even business interests from entrepreneurial pursuits established after saying “I do” can usually be included in a postnup.

So why choose a postnup? It is not an indication of an impending divorce, but crafting this document can give couples the opportunity to address tough money topics. Establishing better paths of communication can actually improve a couple’s marriage while still providing them with the security of a postnup.

Property division can be one of the most stressful aspects of divorce. Individuals in Florida often worry about whether they will lose their personal property or if they will end up shouldering much of their ex-spouse’s debt. While the idea of creating a prenup or postnuptial agreement might strike some as not all that romantic, it can be an important step for protecting everyone involved.

On behalf of North Tampa Legal Group posted in property division on Monday, December 3, 2018.