Whether you’re already married and didn’t sign a pre-nuptial agreement or you’re engaged to be married but choosing not to enter into a pre-nuptial agreement, there are still ways you can protect your assets without having a prenup in place.
Because money and financial decisions are a frequent cause of marital disputes, it’s important to have open and honest conversations about how you want to jointly manage your assets (and liabilities). Also important is that throughout the course of your marriage, you should maintain good financial records. Not only is this important for your ongoing financial well-being, this type of documentation can also come into play if you were to divorce.
In opening a trust, you are giving another party (a trustee) the legal right to hold title to your property or assets. Trusts can be used to protect an inheritance or individual assets during divorce, among other reasons.
For more information about trusts and how to protect assets during marriage and divorce, contact our team of Florida family attorneys at the Vasquez de Lara Group. You can schedule a free case evaluation to discuss your specific concerns.