Prenups-Why You Must Have One The Second Time Around...
You may be thinking that after getting a divorce the last thing you are thinking about is getting married again. Surprisingly, many divorced people do remarry within two years of getting a divorce. You would think that if you went though a difficult divorce you would be wise enough to insist on a prenup this time around, but love has a way of clouding one's better judgment and many divorcees enter into a second marriage without the financial protection of a prenuptial agreement.
This is especially unwise considering that second marriages have a higher failure rate. If I ever remarried, I would insist on a prenup, even if my new husband made more money and had more assets than me. Why? Because I will never go through a bitter divorce battle again. It was much too painful. A prenup protects your assets and more importantly leaves you will nothing to fight over in the event of a divorce. It is all agreed upon ahead of time.
If you feel that prenups are unromantic and that this time is "forever" because you have met your "soul mate", you need to wake up. Yes, a prenup is not something couples who are in love and planning a wedding feel comfortable discussing, but if you did not learn from your own divorce, learn from other people's divorce disasters.
Paul McCartney was so in love with Heather Mills that he didn't ask her to sign a prenup. He also supposedly turned down her offer to sign one. I bet he deeply regrets that decision now that they are involved in a vicious divorce battle for his billion dollar empire. The sad reality is that had these two signed a prenup, there would be no fight, Heather Mills would not have been vilified by the British press and they might have been able to divorce on friendly terms.
If a second marriage is in your future, make a call to your lawyer and discuss your options. Hopefully you will never need it, but having a prenup gives you the peace of mind knowing that you have protected your assets and your future in the event of a second divorce.
This is especially unwise considering that second marriages have a higher failure rate. If I ever remarried, I would insist on a prenup, even if my new husband made more money and had more assets than me. Why? Because I will never go through a bitter divorce battle again. It was much too painful. A prenup protects your assets and more importantly leaves you will nothing to fight over in the event of a divorce. It is all agreed upon ahead of time.
If you feel that prenups are unromantic and that this time is "forever" because you have met your "soul mate", you need to wake up. Yes, a prenup is not something couples who are in love and planning a wedding feel comfortable discussing, but if you did not learn from your own divorce, learn from other people's divorce disasters.
Paul McCartney was so in love with Heather Mills that he didn't ask her to sign a prenup. He also supposedly turned down her offer to sign one. I bet he deeply regrets that decision now that they are involved in a vicious divorce battle for his billion dollar empire. The sad reality is that had these two signed a prenup, there would be no fight, Heather Mills would not have been vilified by the British press and they might have been able to divorce on friendly terms.
If a second marriage is in your future, make a call to your lawyer and discuss your options. Hopefully you will never need it, but having a prenup gives you the peace of mind knowing that you have protected your assets and your future in the event of a second divorce.
1 comment:
With a pre-nuptual agreement, aren't you suggesting that your divorce is happening before the marriage? If you can not trust another person, here's a simple remedy, don't get married.
I'm only sorry I married someone who suggested a prenup, it was a total disaster and she was the one who was cheating and forced me into bankruptsy.
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