Taking care of details
At first glance, the idea of a prenuptial agreement between a couple preparing to be married may seem to fly in the face of romance. On the other hand, a prenuptial agreement between a couple marrying for the second time or later in life may offer practical solutions to financial and property issues not encountered by
Taking the longer view
Frequently people marrying later in life have accumulated assets, or conversely, may have accumulated debt. There may be children from former marriages. If not retired, the prospective bride and groom may be pursuing separate active careers, all of which can create a complicated financial environment with more questions than answers.
A prenuptial agreement allows a couple to put their financial cards on the table and reach an agreement on what belongs to whom and how assets will be distributed in the event of death or an unsuccessful marriage. If any of the following conditions apply in your case, a prenuptial agreement may be appropriate:
- You own or are a partner in a business
- You own a home and/or retirement property
- You realistically anticipate a significant financial gain from a business,
career, investment, or inheritance.
- You have relatives who will require care
- You own stocks or have a substantial retirement fund
- You have children and grandchildren from a previous marriage
- One of you is wealthier than the other
Find out more about prenuptial agreements
Talk to Karen Baim Reagler, or Ashley Naramore, Arkansas prenuptial agreement attorneys. They can help you with more information about prenuptial agreements and how your agreement can work with your estate plan and any wills or trusts you may have (or anticipate) creating. Your first meeting is free.