Some people mistakenly believe only celebrities and the wealthy can benefit from prenuptial agreements. However, that is simply not true. These days, more and more people are finding that prenuptial agreements formed with a boca divorce attorney can provide protection and peace of mind.
It is no secret that the divorce rate has increased in the past 30 years. Today, nearly half first-time marriages end in divorce. By getting a prenuptial agreement while couples still have feelings for each other, rather than when they are emotional and angry, makes sense.
A prenuptial agreement can address a number of issues. Essentially, it spells out who gets what in the event of a divorce, therefore saving divorcing couples money and time. It can be used to protect a higher-earning spouse’s assets or one spouse’s business interests. It can also be used to protect one spouse’s assets for children from a previous marriage.
Studies show that the age of a first marriage is climbing. Since 1980, it has increased two years for men to 26.8 and nearly three years for women to 25.1. This allows people to accumulate more assets than if they entered into marriage right out of school. Therefore, attorneys say some couples are using prenuptial agreements to protect retirement savings or other assets they have acquired.
According to a recent survey by the American Academy of Matrimonial Lawyers, 73 percent of attorneys noticed an increase in prenuptial agreements during the past five years. Further, 52 percent of the respondents reported more women requesting these agreements.
While a prenuptial agreement can alleviate significant stress down the road, it cannot contain decisions about child custody or care. Courts do not let couples make advance agreements concerning children.