A generation ago, most people in Florida considered prenuptial agreements to be necessary only for the rich and famous. Today’s society is quite different than that of 30, 40 or 50 years ago and one marked difference is the increased number of people getting married for the second, third or subsequent time. While the dreams for a happy future remain the same for any marriage, many of the issues that a remarriage can face are quite different than those in a first marriage.
The need to provide for children from a prior marriage is something that couples should carefully consider before they walk down the aisle again. As CNBC explains, this extends well past the time that the couple gets married to the time when the first spouse dies. If that spouse does not have a will, trust, prenuptial agreement or some other legally binding way of ensuring their assets go to their children or grandchildren, it is the surviving spouse who may inherit everything.
The surviving spouse may live for several years or even decades after the first person dies. By this time, there may be nothing left of the initial assets for the children of the first spouse to die to inherit. A prenup offers people a way of outlining certain assets for their children upon their death, bypassing this problem.
Working Mother adds that couples who have widely disparate incomes, asset suites and debts may also benefit from a prenuptial agreement. This contract can identify what assets and debts may remain separate once the couple weds.