by Barry Gordon of Gordon, Mond and Ott Attorneys at Law
While planning for tomorrow is often a challenge, given the length of some marriages and "marital arrangements", it is never too soon to consider a prenuptial agreement, a postnuptial agreement or a joint ownership agreement.
A prenuptial agreement is a contract entered into by two people who are planning to get married. Typically, the agreement will address what happens to financial assets in the event of death and divorce. This is especially important if one of the people to be married is wealthier than the other, older than the other, expecting a very large inheritance, entering into a second marriage or staying home while the other spouse is building a career.