The months leading up to a wedding can be a hectic time. The list of to-do items seems to grow longer each day, and Arizona couples are often balancing the responsibilities of their “normal” lives with wedding planning, financial planning and juggling the expectations of both extended families. For those who have children from a previous union and are walking down the aisle for the second time, an additional set of family law needs is placed upon this already heavy load.
Starting a blended family involves merging the expectations and hopes of many individuals into one cohesive unit. When a couple shares the same set of expectations, this process is often far easier. Perhaps the best way to ensure that everyone is on the same page in this regard is to sit down and discuss a prenuptial agreement.
A prenup is far more than a simple breakdown of who would get what in the event of a divorce. It is better conceived of as a clearly outlined plan for how the family’s assets would be handled if the need should ever come for a division of wealth. For parents, this is a chance to ensure that assets brought into a marriage will pass down to existing children. While many people simply assume that their soon-to-be spouse would follow their wishes in this area, the reality is often very different.
A prenuptial agreement that discusses inheritance matters is very closely tied to an estate plan. Savvy Arizona couples will take this opportunity to combine those needs, and take the steps necessary to enter their marriage with both a prenuptial agreement and a cohesive estate planning package. By discussing these family law matters in depth, both parties will have a solid understanding of the wishes and expectations that their partner will bring into the marriage, which can only strengthen their bond.
Source: mysanantonio.com, “Issues to Consider before a Second Marriage“, Paul Premack, Oct. 5, 2015