You survived your divorce and as you signed the final documents you thought to yourself, "I'll never get married again."
Then you met someone new and you're convinced this marriage will be different.
Unfortunately, the statistics indicate that the divorce rate is higher for second marriages so if you're thinking of remarrying, call your attorney to draft a prenuptial agreement.
What Is a Prenuptial Agreement?
As divorce rates rise, so do prenuptial agreements. The American Academy of Matrimonial Lawyers says about three-quarters of its members have seen an increase in prenups in the past five years among couples of all income brackets.
A prenuptial agreement is an agreement between two parties that protects their respective pre-marital financial interests, such as retirement funds, properties owned, investments, savings, and other financial interests.
In addition, a prenuptial agreement will record debt. This is important because if the marriage should end in divorce, you will want to be protected from your spouse's credit card debt, college loans, and default mortgage payments.
Child custody arrangements and child support can't be determined in a prenup but you can specify your preferred religious education for your children.
Reasons to Negotiate a Prenuptial Agreement