Some Pointers for Pre-Nups - Preventing Post-Marital Predation

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A large number of people embarking on the ship of matrimony are experienced sailors. In 40% of marriages, one of the partners had previously been married. [Source: Indiana Marriage Report, 1995; Connecticut Vital Statistics, 1993].

Second marriages present unique estate planning challenges. How can one provide for a less well off spouse and protect his children’s inheritance? Will children from a former marriage assert rights in their parents’ estates? What rights can and should be waived in a prenuptial agreement?

Pre-nuptial agreements are essentially like fire extinguishers. People ignore them until they are needed. Then they have to work flawlessly.

Here are some of the common pitfalls and how to avoid them.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Jeffrey Crown, Trustlawyer,LLC | Attorney Advertising

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