prenuptial agreement

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Prenuptial Agreement

A legal and binding agreement that a couple enters prior to their marriage. Prenuptial agreements are commonly associated with the division of assets in the event of a divorce later in life, but they may also include other details such as how assets are distributed in the event of the death of a spouse. Prenuptial agreements are somewhat controversial as some see them as providing an expectation of divorce; they are designed, however, to reduce financial uncertainty in a marriage.

prenuptial agreement

A written agreement by a couple who plan to marry in which financial matters, including rights following divorce or the death of one spouse, are detailed.
References in periodicals archive ?
For the moment, however, the Supreme Court judgment is the next best thing to reform in this area and the Justices have made their views quite clear - anyone who has (or may have) assets which they wish to protect from sharing with their spouse on divorce should have a pre nup.
However, there are those who think pre nups fly in the face of the happiness and romance of their big day.
Prior to Radmacher, whilst the Courts in England and Wales were more inclined to recognise the existence of pre nups, there was still a significant issue as to their enforceability.
Enforceable pre nups will help give couples certainty and greater ability to manage their financial affairs.