Georgia residents who are preparing to walk down the aisle for the second or subsequent time should give strong consideration to creating a prenuptial agreement. There are a few reasons for this. First of all, the fact that a remarriage is happening gives proof to the fact that even the most promising marriages may end in divorce. Couples preparing to marry again simply cannot avoid this reality. A prenuptial agreement can help to outline asset division if the new marriage also ends in divorce.
Smart Stepfamilies explains that there is another reason that prenups may be wise for remarried couples – the children. When a person comes into a new relationship with children from a previous one, there is a logical need to protect the children’s future inheritences. Each spouse may well want to outline certain belongings or assets to their own biological children. These provisions can be enforced if the couple divorces but also if the couple stays married and one or both spouses die. In this way, a prenuptial agreement can become a useful estate planning tool as well as protection in the event of divorce.
Bankrate adds that concerns about long-term care may also give rise to the importance of a prenup for a remarried couple. Because a second marriage may well happen at a later age, this is a reality that many people face and identifying how this may be funded for each person can benefit family members down the road.
Marital contracts have evolved quite a bit over the past several decades and now offer unique benefits for blended families.