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Considering a prenuptial agreement in a second marriage

Married couples in Massachusetts understand that the divorce process requires much decision-making. Even after dissolution, the need to make major choices does not cease. The end of a marriage often means still dealing with post-divorce issues. Whether it is child custody disputes, alimony payments or just simply moving on with life, various family law issues can persist long after a divorce is finalized. This is often true for those going through a second or third marriage.

Post-divorce issues are a common factor that divorcees encounter. Even after everything is squared away in dissolution, divorce issues could reappear if an ex-spouse gets re-married. Issues regarding blended families, marital property and finances can present themselves.

A report indicates that although roughly fifty percent of marriages end in divorce, seventy-five percent of those divorced will get remarried. Those that remarry may recollect on their recent divorce and attempt to avoid the same mistakes. One way to ease their problems is to draft a prenuptial agreement. This will help protect their assets and property if a divorce were to occur.

Because the divorce process is often an expensive procedure, those that remarry are often more cautious about their finances. Some people strategize with a financial advisor so they can properly draft a prenuptial instrument.

A prenuptial agreement could also protect inheritances or property that a person intends to keep in the family. If a spouse has a complicated estate, a prenuptial agreement makes a lot of sense. It could essentially spell out that what is separate property and what is marital property. It could also indicate how marital assets and property will be distributed if a divorce were to occur. This not only saves the couple time but also money when it comes to going through the divorce process.

Although it might be difficult to think about divorce when someone remarries, it is often a common thought and concern they encounter. Drafting a prenuptial agreement could solve some of their problems and concerns. Those seeking to include such an instrument in their union should seek guidance and advice about the drafting process so they ensure it is properly completed.

Source: Life Health Pro, "Dealing with blended family issues," Tom Nawrocki, Feb. 20, 2014

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