Enforceability of Prenuptial Agreements
No one wants to believe that their marriage will end in divorce, but unfortunately over fifty percent of marriages do. Prenuptial agreements are designed to designate what will happen to the marital assets and debts if the marriage does end in divorce. Under Florida law a prenuptial agreement will be presumptively enforceable so long as there is full disclosure of all assets by both parties to the agreement and both parties signed voluntarily.
Prenuptial agreements are most often used when one or both spouses have separate and significant assets. One spouse may have a large home in Boca Raton, while the other has property in Sunny Isles. Additionally, one spouse might own a family business, be the recipient of a large inheritance or have children from a prior marriage. An enforceable prenuptial agreement works to ensure that certain property and money remain with that spouse, such as their prior home and/or businesses, rather than being split among the parties.
As discussed above, it takes proper disclosure of all parties’ finances to have a valid and enforceable prenuptial agreement. Additionally, for the agreement to further stand up to enforceability, both parties must have signed it voluntarily. No member of the engaged couple should be under duress or coercion by their fiancé at the time of signing. A prenuptial agreement signed on the day of the wedding may not be enforceable as it may appear more likely that one party was pressured to sign.
A premarital agreement only becomes effective and enforceable upon the marriage of the parties. Yet even minor non-disclosure or slight pressure by one party may deem a prenuptial agreement unenforceable. If you or someone you know lives in the West Palm, Fort Lauderdale or Miami-Dade area and believes they entered into an unenforceable prenuptial agreement, the team at Koch & Trushin will help you obtain the proper legal relief. Please feel free to contact us for an initial first consultation.