Do you need a prenuptial agreement for a second marriage?
Do you need a prenuptial agreement for a second marriage?
Second marriages may need a prenuptial agreement to protect children and savings. If you’re at the prenup moment, it means that you’ve decided to marry rather than simply live together, a choice I discussed in my column of June 2011. Marriage brings financial rights and responsibilities.
When to talk about money in a prenuptial agreement?
Feelings can easily be hurt. Nevertheless, money talk is critical if you have any savings or assets at all — especially in later marriages like mine where adult children are involved. Second marriages may need a prenuptial agreement to protect children and savings.
Why do you need a prenup for a divorce?
That spouse may then feel totally unprotected in the case of divorce, which can create bad feelings that fester throughout a marriage. A prenup can change this dynamic and provide a fair result as well as a soft landing should the marriage fail or if a wealthier spouse predeceases a less-moneyed spouse.
What happens to assets after a prenup is signed?
A prenup can specify that an estate plan be put into place after the couple marries, to end up with the result they desire. Eventually, assets of the deceased spouse can be divided between the surviving spouse and the deceased spouse’s children.
Second marriages may need a prenuptial agreement to protect children and savings. If you’re at the prenup moment, it means that you’ve decided to marry rather than simply live together, a choice I discussed in my column of June 2011. Marriage brings financial rights and responsibilities.
Feelings can easily be hurt. Nevertheless, money talk is critical if you have any savings or assets at all — especially in later marriages like mine where adult children are involved. Second marriages may need a prenuptial agreement to protect children and savings.
That spouse may then feel totally unprotected in the case of divorce, which can create bad feelings that fester throughout a marriage. A prenup can change this dynamic and provide a fair result as well as a soft landing should the marriage fail or if a wealthier spouse predeceases a less-moneyed spouse.
A prenup can specify that an estate plan be put into place after the couple marries, to end up with the result they desire. Eventually, assets of the deceased spouse can be divided between the surviving spouse and the deceased spouse’s children.