Drafting a prenuptial agreement before another marriage is ideal

By |2022-04-06T19:07:27+00:0010 Jul 2013|Categories: Marital Property, Prenuptial Agreements|

Drafting a prenuptial agreement before another marriage is ideal

Orange County residents who are thinking about getting married may want to consider settling their financial matters before marryiage. That is especially important where a divorced spouse is going to remarry. A divorced person may have children, acquired or lost some assets, or have other financial responsibilities and interests.

Before exchanging wedding vows, it is essential that the couple speaks to a financial planner or a lawyer who is knowledgeable about prenuptial agreements. The prenuptial agreement can help define the obligations of each partner, in case one of the people files for a divorce. Furthermore, the prenuptial agreement will act as a contract and it is important if either partner has a significant amount of wealth or children they need to protect. In California, the default in property division, if no prenuptial agreement exists, is to divide the marital property evenly.

In addition to creating a prenuptial agreement, other documents should also be updated before remarrying. It is advisable to have an estate plan that will reflect any possibility of a life changing event, such as a divorce. The beneficiaries of the benefits should also be updated.

A prenuptial agreement does not dictate the possibility of divorce. It is a proactive solution, just in case. In fact, it is a form of security for each spouse to make sure that financial goals will not cause conflict while they are married.

Orange County couples should be cautious, though, because there are some requirements to ensure that a prenuptial agreement is valid. A prenuptial agreement should be made voluntarily and should be mutually acceptable. The couple should also provide full disclosure of their assets and it is a good idea to get a lawyer involved before signing the document.

Source: Market Watch, “Boomer weddings: What to do before marrying assets,” Joe Lucey, July 1, 2013

About the Author:

Dorie Anne Rogers - The Law Offices of Dorie A. Rogers, APC
Dorie A. Rogers, a Family Law Specialist, Certified by the State Bar of California, has been an attorney since 1981 with an exclusive family law practice located in Orange County. She is accepting dissolution cases with support and property issues including the use of forensics to ascertain business value, community interests and to establish monthly case flow analysis. Ms. Rogers has substantial experience in high conflict custody litigation involving sophisticated psychological issues. She drafts premarital and postmarital agreement designed to define and establish parties' separate and community property interests. Paternity cases and domestic violence matters are considered part of her practice. Ms. Rogers is a court-approved and court-appointed to represent minor children.Ms. Rogers consults with individuals concerned about entering or exiting a relationship. She advises effective strategies for dissolution or premarital planning. Knowledge is power and good planning affords better results.Specialties: Family Law Specialist, Certified by the State Bar of California
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