There are certain life events that people can go through that will trigger an estate plan update. Getting remarried is one of them.
Of course one thing that you are probably going to want to do will be to include your new spouse in your estate plan. But you have to ask yourself exactly how you want to go about doing it, especially if you have children from a previous marriage.
The possibility of entering into a prenuptial agreement is something that you should certainly consider.
When you fall in love and decide to get married it can seem counterintuitive to entertain the possibility of anything other than success. But at the same time, we have all heard that about half of marriages end in divorce.
These are first marriages. There are various different statistics out there but they seem to agree with regard to second marriages failing at a higher rate than first marriages. And, third marriages fail at a higher rate than second marriages.
So when you get remarried it is actually statistically likely that you will someday get divorced.
When you consider this you can see that prenuptial agreements are simply a way of protecting yourself and your children regardless of what happens in the future. It is still perfectly possible to provide for your new spouse as well when you are revising your estate plan.
To learn more about prenuptial agreements and financial planning for people entering a new marital union simply take a moment to arrange for a consultation with a good South Carolina estate planning lawyer.
John Kuhn, Estate Planning Attorney
Latest posts by John Kuhn, Estate Planning Attorney (see all)
- Incapacity Planning - December 20, 2018
- Special Accounts for People with Special Needs - December 17, 2018
- How Are Trusts Taxed? - December 7, 2018
