These days, some families are a veritable mosaic, blended through marriage and consisting of stepparents and stepsiblings, half-siblings and stepchildren. The varied interests among the people in those groups can create a sticky situation where rights to assets may become unclear if the marriage fails. This Wilmington Trust blog post details the financial and legal obligations of blended families that can be addressed with an effective prenuptial agreement.
Prenups can eliminate or reduce uncertainty and provide security during the forming of a blended family, providing for three things in the event of separation, divorce, or death:
- The division of assets acquired before the marriage
- The division of assets acquired during the marriage
- The division of assets among a surviving spouse and other heirs
The post details that, without a strong prenup, the decision on how to divide assets can fall to the state in which the couple resided. For many, a prenuptial agreement provides peace of mind, order and security, which, in effect, contributes to the building of a strong marital and family foundation.
If you would like to discuss creating a prenuptial agreement, we can help. Contact the Albany divorce and family attorneys at LaClair & DeLuca. Call us at (518) 650-8861, or email admin@laclairdeluca.com.