Protecting Your Inheritance with a Prenuptial Agreement
April 05, 2022
When you're planning a wedding, discussing a prenuptial agreement with your soon-to-be spouse may not seem exciting or may even feel uncomfortable. Yet, no one knows what the future holds, and a prenuptial agreement can protect your assets, whether they were acquired prior to the marriage or during it. A prenuptial agreement can help ensure that your assets remain non-marital property and are not subject to equitable distribution in the event of a divorce.
Oftentimes, prenuptial agreements are also recommended to protect family wealth and family assets that you may be entitled to one day. You may acquire the assets through bequest, devise, or descent. For example, in Florida, if you receive an inheritance and deposit it into a jointly titled marital account, it is treated as marital property. If you and your spouse were to divorce, half of it would likely be distributed to the other party.
Protecting your family wealth and assets is an important consideration in prenuptial agreements. In fact, celebrities Brooklyn Beckham and Nicola Peltz just signed what news sources are reporting is the “mother and father of all prenups.” Brooklyn Beckman’s parents, David and Victoria Beckman, are purportedly worth millions, and Nicola Peltz’s father is purportedly worth over a billion dollars.
Whether you're a celebrity or not, a prenuptial agreement can protect your future potential interest in family wealth in addition to your own assets. Creating an enforceable prenuptial agreement can be complicated, so It's important to speak with attorney who is familiar with Florida law and has your best interest in mind.
This article is informational only. You should consult an attorney before acting or failing to act. The law may change rapidly and no warranty is given. LOWNDES DISCLAIMS ALL IMPLIED WARRANTIES AND WITHOUT LIMITATION, ANY WARRANTY OF FITNESS FOR A PARTICULAR PURPOSE. ALL ARTICLES ARE PROVIDED AS IS AND WITH ALL FAULTS. Consult a Lowndes attorney if you wish to establish an attorney/client relationship.
