Preparing to marry is an exciting time, no matter one’s age. For those who are taking the plunge after the age of 50, however, there are certain legal considerations that should be addressed as part of the wedding planning. Prenuptial agreements are an excellent example, and can provide important benefits to Florida spouses who are bringing considerable assets into the union.
By the time many people reach the age of 50, they have already achieved a measure of success in their chosen career field. Many will have inherited assets from a parent, or been awarded real estate or other property as part of an earlier divorce. Some will have simply followed solid savings and investment advice, and will be sitting on a very nice nest egg by the time they walk down the aisle.
All of those assets deserve to be protected from loss. This is especially true in cases where one or both spouses will bring children into the marriage. Crafting a solid prenuptial agreement can help to clearly outline inheritance plans, which is important in blended families.
For those in Florida who are preparing for a new marriage after the age of 50, it may be well worth the time and effort to sit down with a family law attorney and discuss the pros and cons of prenuptial agreements. Doing so is not only a wise financial move, it is also a chance to discuss money matters and inheritance issues with one’s chosen life partner. Couples who enter into marriage with a clear understanding of these issues often have the communication skills needed to keep a marriage strong for many years to come.
Source: Forbes, “6 Money Myths About Marrying After 50“, Lisa Rabasca Roepe, Feb. 13, 2017