If you are about to get married for the second or third time, you are certainly not alone. Recent reports suggest that nearly 43 percent of marriages these days involve a bride or groom who have been married before. And, if you are among these couples, you may have learned a few lessons from a first marriage. One of the issues that many remarried spouses in California should consider before saying "I do" again is having a prenuptial agreement in place.
After going through one divorce, people may be more cautious in subsequent marriages. They understand that, despite their best efforts, a marriage doesn't always work out. Many understand the reality of how difficult a divorce can be when spouses need to deal with dividing assets and spousal support.
Before going through this again, then, a person may want to address certain issues before a wedding. For example, a couple may want to discuss plans for a family, perspectives on finances and future goals. Having an open discussion about these issues may be a little uncomfortable, but it can prevent serious arguments after the wedding.
If a person has assets that they want to protect, having a prenuptial agreement could be essential. In cases when the people who are getting remarried are a little older, it is likely that they have more substantial assets and properties and children that they must consider. A prenuptial agreement can help couples start a marriage in a fair and equitable manner.
Having a prenuptial agreement drawn up doesn't mean that you will need to use it. Couples certainly hope that a marriage will last a lifetime, in which case the prenup wouldn't do anything. However, those who have had to deal with at least one divorce may realize how beneficial a prenuptial agreement can be.
Source: CBS, "Marriage, The Second Or Third Time Around," Dee Lee, Aug. 2, 2012