Palmer Rodak & Associates
Palmer Rodak & Associates
Certified Family Law Specialists State Bar of California Board of Legal SpecializationServing your Community for 19 Years
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Prenups as estate planning tools

For many residents in California, when they think about estate planning tools they think about things like wills, revocable living trusts, irrevocable trusts, credit shelter trusts and more. Certainly these things can be vital ways of helping people control the future of their estates and provide for their family members after they die. However, there is another tool that might also be an asset when it comes to estate planning - the prenuptial agreement.

As explained by AARP, a prenup does not necessarily have to outline your wishes for what might happen if you and your spouse get divorced but what might happen if one of you dies first, which happens more often than spouses dying at the same time. A prenuptial agreement allows people to make plans for the care of each other after the death of the first spouse.

Forbes adds that a prenuptial agreement may be especially useful to people who are getting married after a previous divorce or after the death of a prior spouse. In a remarriage, it is not uncommon for at least one if not both partners to have children from their prior marriages.

A prenuptial agreement allows people to stipulate what assets should remain with their children versus with their spouse. This can go a long way toward avoiding familial strife in a blended family. It can also allow spouses to make sure each other is cared for after they die while still keeping special heirlooms and belongings and assets in family lines.

 

 

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Palmer Rodak & Associates
Certified Family Law Specialists State Bar of California Board of Legal Specialization

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