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Under Florida Probate Law, How Do Prenuptial Agreements Affect Estate Planning?

Uncategorized • Jul 20, 2016
post about Under Florida Probate Law, How Do Prenuptial Agreements Affect Estate Planning?

Should my fiance and I consider a prenuptial agreement? What does a prenup have to do with Florida probate litigation? Can a prenup ensure that my children inherit from my Florida estate? Can a prenup waive Florida spousal inheritance rights? Will a prenup help the probate process in Florida to go smoothly for my heirs?

  • In Florida, marriage drastically affects estate planning.
  • One you get married, certain assets become marital property.
  • When you die without a prenup, your heirs may not get the inheritance you intended.
  • Probate attorneys West Palm Beach understand that it can be difficult to ask your loved one for a prenup before getting married.
  • Getting married is supposed to be a time filled with happiness, and a prenup is not usually associated with happiness.
  • However, it is important to understand that a prenup can be used for more than divorce.
  • It can have a huge part in protecting your assets and property.
  • A prenup can help to ensure that estate administration, after death of one of the spouses, goes efficiently for the heirs.
  • What if a spouse randomly dies?
  • Who inherits all of his or her assets?
  • Under Florida probate law, a surviving spouse gets a minimum of 30% of the value of the estate.
  • The spousal share applies to assets that are acquired during, and even before, the marriage.
  • In addition, inherited assets may be included.
  • Also, surviving spouses have a right to homestead, which gives them at least a life estate in the property of their deceased spouse.
  • However, a prenup can limit the rights of survivorship of the spouses.
  • In fact, according to Florida Statute §732.702, a prenup can actually waive probate spousal rights.
  • Moral of the story?
  • Get a prenup! It can save you and your heirs a lot of trouble.

Want to learn more?

Check out Florida Statute §732.702 by clicking here

Want to know more about Florida probate litigation? Consider these free resources: