Prenuptial agreement can be useful in a second marriage

On behalf of South Tampa Law Group posted in divorce on Monday, February 18, 2019.

People who have been through a divorce know just how detailed the process can be. There are many factors that they likely didn’t consider beforehand, but it can be a valuable learning experience. For those in Florida who decide to get married a second time, they may wonder how best to protect themselves and their assets should their second marriage dissolve. Experts say that creating a comprehensive prenuptial agreement is a good choice for anyone, not just those who are wealthy.

Most people who marry for a second time do so at a later point in life. This can being special concerns such as how to handle retirement accounts or who will cover certain expenses. All of these choices and more can be specifically designated in a prenuptial agreement. The agreement can also outline how assets will be handled if a divorce happens, which can be particularly useful if one spouse has entered the marriage with little to no property.

A prenuptial agreement can also work in tandem with an estate plan. Many people who marry for the second time already have children from a previous relationship. They may prefer to will a portion or all of their assets to those children instead of the new spouse. They might make use of a specific trust to ensure the spouse is cared for properly. The prenup can even define how the couple wishes to handle a divorce should one occur.

Prenuptial agreements can still contain mistakes or oversights. It is imperative that anyone in Florida who wishes to have one seek the advice of legal counsel. Should the unthinkable happen and a couple decides to divorce, the prenup can serve as a guide for getting through the entire process.