Family Attorney Explains Why the Pandemic Has Led to an Increase in Prenuptial Agreements

Pensacola, Fla. – Craig Vigodsky, a family lawyer in Pensacola, FL, is explaining why the COVID-19 pandemic has led to an increased number of couples requesting a prenuptial agreement before getting married.

The decrease of business in certain industries, as well as lockdowns due to the COVID-19 pandemic, have led many people to experience financial strain. Unfortunately, financial issues are a common source of contention within a marriage. Because the pandemic has led to increased financial hardship, logically, the number of couples experiencing contention due to financial trouble has increased.

This strain on relationships has caused many soon to be married couples to consider the future more carefully. Their concern regarding the potential for future arguments and fights leads them to desire a prenuptial agreement. A prenuptial agreement is commonly known as a “prenup.” It is created prior to a marriage in order to predetermine how certain financial issues will be resolved, should a divorce occur. Some issues that are often laid out in a prenup are the division of acquired real estate, the designation of each spouse’s separate property versus marital property, the designation of how assets and liabilities acquired during the divorce will be handled, and the rights to life insurance policies and other long-term planning tools.

Because of the feelings of uncertainty that the pandemic has invoked in people, couples believe that having financial issues already planned out in the event of a divorce will help them feel less fearful of making a commitment. They believe a prenup will give them a safety net to fall back on.

An experienced divorce attorney in Pensacola, FL, Craig A. Vigodsky, is knowledgeable in all aspects of family law in the state of Florida, including child custody laws, divorce laws, and the prenuptial agreement process. For more information, contact Craig Vigodsky online at www.pensacolalawoffice.com or give him a call at (850) 912-8520.