Did you sign a prenup? That is a question usually reserved for divorce attorneys or nosey friends, but according to the Huffington Post, that question is coming out of the mouths of a new demographic. Adult children of divorce are becoming more involved with their older parents’ new marriages, not because they dislike their potential stepparents, but because they want financial protection.
Especially in today’s difficult economic times, people are more vigilant about protecting their assets and those of their parents. When a parent remarries, if he or she were to divorce again without having created a prenuptial or postnuptial contract, then the children from a previous marriage could lose out on a lot of the assets that a parent eventually wants to pass on to them.
According to sources, an estimated 500,000 new marriages take place each year wherein the spouses are 65 years old or older. It’s the baby-boomer generation, the generation that has significantly contributed to the divorce rate in the U.S. It is only natural that the divorced parties would find love again and want to remarry, but love for a new spouse should not overshadow the love a parent has for his or her children.
That is why creating a marital contract is important when remarrying. No, love is not only expressed through money and things, but with money comes security that allows one’s children to live with less worry and more opportunity. That is an act of love. Plus, certain family assets like real estate or valuable heirlooms can have great sentimental value to children and should be protected from a potential divorce.
Marriage is meant to be a romantic decision and union. But when someone already has a family to worry about from a previous marriage, has been through a divorce before and is of a certain age, more planning should go into the big decision. Not only does it protect children from losing out on their inheritances, but creating a prenup also will make it easier for spouses to remain friends should their marriage end in divorce.
The Huffington Post: “Adult Kids of Divorce Are Demanding That Their Elderly Parents Stop Acting Like Teenagers and Get Prenups,” Bill Brooke, 8 Nov. 2010