As a divorced parent, you have probably had to work through a number of uncomfortable conversations with your child. You may have been the one to break the news of your divorce to him or her and, in the time since, you may have answered dozens—if not hundreds—of questions about the future. Now, as you consider getting remarried, you will need to address difficult topics with your child once again.
When you hear the term “prenuptial agreement,” there is a good chance you think about a high-net worth couple looking to protect financial interests and holdings. Even if the couple has not accumulated a significant amount of wealth, a prenuptial agreement may still be used in situations where one or both spouses own a business or a portion of a business. There is, however, another very common scenario in which a prenuptial agreement is, at the very least, a good idea if not indispensable. A prenuptial agreement can be used to protect the rights of children from a previous relationship for both you and your spouse.
According to the Pew Research Center, nearly 42 million American adults have been married more than once. The current estimate has almost doubled from what it was in 1980, when 22 million reported having been remarried, and has tripled the 14 million figure from 1960. The increase in divorce throughout the United States over the last several decades has certainly been a factor, along with an upward shift in the average age of the population, both of which contribute to more individuals able to and interested in getting remarried.