If you are one of the many people in Wisconsin who has been divorced before and is now considering getting married again, you may well have different questions and concerns that you did going into your first marriage. Certainly you want and deserve to feel the joy involved in finding love and partnership but you will also want to know you are protected. This can be especially important if you have children from your first marriage. A prenuptial agreement may be one of the best ways to do this.
As explained by 360 Degrees of Financial Literacy, a prenup does a lot more than just outline provisions for a potential and hopefully never-to-happen divorce. A prenuptial agreement can be a valuable estate planning tool. Imagine that you and your to-be new spouse both have family heirlooms that your own biological children would someday hope to receive. A prenup can outline these things and help to prevent problems when one or both of you die.
At the same time, you and your partner can use a prenuptial agreement to identify how you will handle daily finances as well as long-term financial matters. It can be a great tool for helping to keep some money separated to ensure that each set of children are appropriately cared for. It can also provide protections for any obligations that may remain to a former spouse.
If you would like to learn more about how you and your partner may benefit from a prenuptial agreement if you are entering into a remarriage, please feel free to visit the marital contracts page of our Wisconsin family law website.