Using a prenup, you can describe what property should remain separate from the marriage, protecting that property, should your marriage end. If you have kids from a previous marriage, you may want to protect their interests in your assets and property. Many prenups are used to establish property rights for second marriages. Pass Property to Children From Prior Marriages The prenup can also specify that items you inherit during marriage will remain your separate property. If you received a family heirloom as inheritance and want to make sure that if your marriage ends, you’ll get to keep that item, you can draft a prenuptial agreement that states that the family heirloom is yours. You can create a prenup for a single purpose. Let’s be clear-your prenup does not have to contemplate every asset and item you own, or every divorce scenario. If your relationship can’t survive financial planning before marriage, it most likely won’t survive the financial challenges marriage itself brings. Some people worry that creating a prenup will make it more likely they will divorce. Even couples of modest means can find value in a prenup. While extremely wealthy individuals use prenups most often, usually to protect familial assets or wealth earned before marriage, prenups can be a good tool for almost everyone.
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