When a young Cincinnati couple marries, their priorities are typically much different from older couples. They might be focusing on saving for a home, children or investing for their future. Also, they may not have significant assets at the time they marry. For older couples, though, the financial merging associated with marriage is usually much different, and a premarital agreement might just help smooth the waters for clear sailing ahead.

When an older couple marries, they quite often have an entire life of saving and investing behind them. Acquired money is not necessarily set aside for starting a family. However, marriage can merge finances, especially those gained from employment or investments after the wedding takes place. This can become an issue should the couple later decide to divorce.

A premarital or prenuptial agreement can protect these assets in the case of a divorce. These written contracts can keep finances like personal estates and retirement funds separate and out of the danger of being lost or shared in a divorce. Especially with retirement accounts, an individual might depend on these finances to maintain their lifestyle and health in later years.

Cincinnati couples marrying at any time in their lives benefit from understanding their own finances as well as the finances of their partner. Some couples, though, may need the security that a premarital agreement offers. The traditional perspective that such an agreement is unromantic has lost its luster in favor of the notion that protecting assets is an important part of saying "I do."

Source: The Columbus Dispatch, "Late-marrying couples face some financial decisions," Pamela Yip, July 1, 2012