Joan has children from a previous marriage. She also received a fairly generous inheritance from her first husband. After five years, she is now contemplating remarrying. She is older and wiser, and she knows that there are no guarantees. What should she do to make sure her children are protected?
What will be an ideal response?
If Joan wants to ensure that assets pass to her children from the previous marriage, a premarital agreement is essential. Joan, a spouse, enjoys statutory protection, such as:
| • | An elective statutory share of the deceased spouse's estate; |
| • | Intestacy succession rights; |
| • | Homestead rights in the principal; and |
| • | Widow's allowance |
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