Orlando Office: (407) 422-2411
Consultation
Orlando Office: (407) 333-1382

The length of the prenuptial agreement in Florida is growing

Some Florida couples who fall in love expect the relationship will last forever. However, the contracts that are meant to ensure the relationship stays intact are getting longer and even more unusual at times. A prenuptial agreement is no longer only for the rich and famous, and recent drafts include what are known as love contracts.

The press reported for years on the supposed lifestyle clauses that the rich and famous included in their prenuptial agreements. For example, some were financial penalties that were imposed when a partner did not keep a pre-agreed weight or violated gambling restrictions. Some of clauses even went so far as to stipulate how many hours the couple agreed to spend together per week.

The usual clauses that are often included in prenuptial agreements only come into play at the end or disintegration of a relationship. However, love contracts, or lifestyle clauses, within these legal documents are meant to be a relationship blueprint to keep the couple together. Now, they are catching on with the general public. One out-of-state expert estimated that nearly one-third of relationship agreements now include these clauses, and the trend has increased by 10 percent since last year.

Many individuals in the past were only concerned with obtaining a will in order to allocate their assets when they died. Now, individuals are including clauses that address issues from social media usage to activities designed to create quality time together. Whatever the contract clauses Florida couples choose to include, they often consult an experienced family law attorney when drafting their initial prenuptial agreement.

Source: cnbc.com, "Laying the groundwork for a lifetime of love", Constance Gustke, special to CNBC.com, Aug. 8, 2015

No Comments

Leave a comment
Comment Information