| People intending to
marry use premarital agreements for several reasons, some of
which may be interrelated.
People marrying for a second time have frequently accumulated
substantial assets that they wish to protect. One or both
partners may wish to avoid the risk of a major loss of assets,
income, or a family business in the event of divorce or death.
Frequently people marrying for a second time are used to
maintaining their own finances and may wish to do so after
divorce.
Dual income professionals generally like to maintain separate
estates.
Also, many times middle aged people have children and grandchildren
from a prior marriage that they need to provide for while
also protecting their spouse from them.
Premarital agreements help the parties clarify their expectations
and rights about the future. A premarital agreement may prevent
uncertainties and fears about how a divorce will affect the
parties if the marriage fails.
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