Failed Planning Before Marriage Is Costly
The vital statistics report shows that there are 54 divorces for every 100 marriages. This in fact is good news as the percentage is down from previous years, BUT that is still an alarming number of divorces. The divorce rate in Florida is actually slightly higher than the national average. These statistics are a stark reminder that prenuptial legal agreements are an important financial planning tool.
The recent celebrity divorce between Gwen Stafani and Gavin Rossdale after 13 years of marriage can be used as an example. They had no prenuptial agreement, so the 50/50 California community property laws will govern their assets. Gwen is reportedly worth $80 million and Gavin’s worth is an estimated $35 million. Given the length of their marriage, all the money will probably be combined before it is divided out to each of them. That’s potentially a $45-million-dollar mistake that may have been avoided by a prenuptial agreement.
If you are contemplating marriage, please call us today for your free consultation so that you are sure you have properly planned the financial aspects of your lives together.