If you are getting married in Florida, there’s a good chance that this is a second or subsequent marriage for you or your future spouse. Remarriages today account for a good portion of all weddings that take place in the United States. Because a large number of people entering into these marriages have been divorced (some have been widowed), they understand the potential for divorce perhaps more than people getting married for the first time. This awareness can make you more likely to consider a premarital agreement.
However, protection in the event of divorce is not the only reason for you and your partner to create a prenup. As noted by 360 Degrees of Financial Literacy, today’s prenuptial agreements can be important components to your overall estate planning process. There really is no such thing as a simple estate plan but when you bring together two people who each might have their own children from prior marriages, things can get trickier. Add in new children that result from the remarriage and you are really talking about some complicated estate planning needs.
You want your remarriage to get off to a strong start. Putting in place a strong plan for the future that may include a last will and testament, a revocable trust, instructions on guardianship of children and more can help to do just that. This good planning can prevent arguments down the road.
You can visit our website to learn more about how marital contracts can be useful estate planning tools for people entering into second or subsequent marriages.