What is a Prenuptial Agreement?
A prenuptial agreement (or "prenup") is a contract entered into by a couple before marriage. It typically addresses how assets, debts, and spousal support would be handled in the event of divorce or death.
Key Benefits
- Asset protection: Clearly define what is separate vs. marital property
- Reduced conflict: Fewer disputes if the marriage ends
- Business protection: Safeguard business interests for entrepreneurs
Important Considerations
Both parties should have independent legal counsel when drafting a prenup. Agreements must be entered into voluntarily, with full financial disclosure, and well in advance of the wedding to avoid coercion claims.
This article is for informational purposes only and does not constitute legal advice.