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Prenuptial agreements a good idea for baby boomers

Finding love after a divorce can be an invigorating experience. However, it can also feel more complicated, especially for Louisiana baby boomers who are in or nearing retirement. Prenuptial agreements can help these individuals protect their own interests and even outline expectations for financial management during the marriage.

After a first marriage and decades of working, most people have a significant number of assets to their name by the time they reach retirement. Even if an individual has divorced and is moving on to another marriage, they likely have retirement savings, vehicles or maybe even a home. These types of assets are usually pretty valuable, and protecting them is important. A prenuptial agreement can outline which property is separate, making property division easier and quicker if the need should arise.

Prenups are not all about divorce, though. For those who have a divorce already under their belt, they may be dealing with less retirement savings than they would ideally like to have. Couples can use a prenup to establish basic rules for spending money and managing their finances during their marriage. Doing so can not only ensure a healthier financial future, it can also deter arguments over spending habits by making sure that both parties are on the same page.

Louisiana residents who have already experienced at least one divorce understand that the process is not always easy. However, things do not have to be the same way during a second marriage. By using prenuptial agreements, those entering new marriages can make sure that their assets, personal interests and financial well-being are protected.

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