Decide what you want up front, then make it happen. You might put the money into a trust, so that your new spouse could access the interest, but the principal would be passed along to your children. You can also ask the spouse to waive any rights to the money in the prenup. If you want to keep yours intact, have the new spouse waive rights to it in the prenuptial agreement. And if your spouse doesn't plan on running the business should you die suddenly, Fiorillo recommends business continuation insurance.
Liabilities are more important.
Some companies cover kids up to age 19, while others will cover them while they are in college or into their early 20s, which might be important if either of you has teens. The federal government demands that the stepparent's salary be included on financial aid forms, even though stepparents have no legal responsibility to their stepchildren. Luckily, Engel's new husband co-signed a loan so that her daughter could pay for college. This is especially important for women to consider. If your first marriage lasted more than 10 years but you remarry before age 60, you lose your right to collect Social Security based on your ex-spouse's earnings, which could be several hundred dollars a month during your golden years.