Second marriages, prenups increasingly common

On Behalf of | Jul 8, 2019 | Divorce

The number of people who are remarrying after their first marriages is on the uptick, according to a study by the Pew Research Center. The study shows that around 66% of people between 55 and 64 years old who have been previously married are getting remarried. That figure was approximately 50% in the 1960s. People in Oklahoma who are considering a second marriage should consider certain matters to ease financial tensions.

People who are marrying for the second or third time are likely to come into the marriage with more financial means than they had when they married the first time. They may also have financial issues to deal with as a result of a previous divorce. There may also be issues of children from previous relationships, and some legal planning might be necessary to ensure that the kids are not forgotten if something should happen to one of the spouses. To ensure that distributions are made properly, both to the children and the new spouse, individuals should consider a prenup.

A strong, well-drafted prenuptial agreement is the best way to ensure the proper financial outcome. Prenups can cover assets that each party brings into the marriage as well as assets acquired during the course of the marriage. Without a prenup, the laws of many states give the new spouse the right to claim up to half of the person’s assets, superseding even the terms of the will. With a prenup, the matter is settled, generally speaking.

People who are approaching a second marriage in Oklahoma might want to speak with a lawyer about how to use a prenuptial agreement to protect assets and ensure they are properly distributed on death or divided on divorce. A Tulsa, Oklahoma, divorce law firm may be able to draft and file the necessary legal documents or negotiate the terms of property division with the other spouse in case of divorce.