People who have children from a previous marriage and/or significant assets should consider a prenuptial agreement which spells out what happens upon death or divorce.

Raising the issue of having a prenuptial agreement needs to happen early in a relationship to allow plenty of time for both parties and their attorneys to complete the process with a minimum of emotion to figure out how to resolve financial and other matters.

Both parties need to fully disclose all of their assets and values or the agreement will be deemed void. All debts and sources of income must also be disclosed.

Each party must have their own attorney to eliminate any conflicts of interest.

More about Prenups tomorrow

Jerry