Many Ohio couples have already been married once and are embarking on their second marriage. Couples that have already been through a divorce may be more wary of what will happen to the assets they acquired not only during the first marriage, but the ones acquired since the end of that marriage should they die. For this reason, prenuptial agreements may become an estate planning document.

One of the biggest questions that may be asked in a second marriage is what will happen to the children of the first marriage. There may already be estate planning documents in place that need to be modified. Depending on what the new couple agrees to, a prenuptial agreement can give each party the peace of mind that the plans they currently have in place for their children will be honored upon their death.

Spouses are rarely disinherited. The marital home may have already been pledged to the children if owned by one party and not the other. If the couple agrees not to inherit from each other or to vacate the marital home upon the death of the owner of that home, it may be wise to put that in writing. In addition, other provisions regarding how money is spent during the marriage can be inserted into a premarital agreement in order to preserve assets for children upon death.

There are also many Ohio couples that are getting married for the first time that are signing prenuptial agreements--some for the same reasons as those getting married for the second time. Many couples are waiting until later in life to get married. As a result, each party may have already accumulated significant assets or have even had children. Regardless of the circumstances, having a prenuptial agreement can help put each party's mind at ease that their financial affairs will be handled in accordance with his or her wishes in case of death.

Source: Huffington Post, "Estate Planning In A Second Marriage," Ann Margaret Carrozza, March 28, 2013