So, you are getting married for a second time. If you did not have a prenuptial agreement for your first Pennsylvania marriage, you might consider drafting such a document before you hear wedding bells again. Some people who choose to remarry may realize how difficult it can truly be to integrate two individuals' financial plans. Still others want to maintain their inheritance for their kids instead of risking their assets in a divorce. No matter what your reasons are for seeking a prenuptial agreement for a repeat marriage, a qualified Pennsylvania family attorney can help you learn more about composing this important directive.
Before you walk down the aisle, make sure that you discuss inheritances with your children. Both your new partner and your heirs will need to be kept informed about your intentions in the event of your death. Not surprisingly, estate planning and prenuptial agreements actually intersect with regards to a number of topics; as a consequence, many people find it easy to start planning their will even as they are cataloging their assets for a prenup.
In a prenuptial agreement, make sure that you are identifying property that each person wants to retain in his or her original estate. Prenuptial agreements are helpful tools designed to address the transfer of assets. This is true after a divorce, but it can also help after death. It may seem as though you are planning to divorce when you draft a prenup, but prudent brides and grooms know that additional documentation is always helpful in property division scenarios.
Even if you are not a high-asset couple, a prenup might be able to help protect items in your estate that have sentimental value. Every person who is considering marrying for a second time after divorce should at least think about the benefits of a prenuptial agreement before tying the knot.
Source: The State, "Second marriages come with financial concerns" Ashleigh Brooker, Dec. 22, 2013