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 ?
6 million to pounds 1 million in his divorce from German heiress Katrin Radmacher, representing a major step towards prenuptial contracts becoming legally enforceable.
Thankfully, the Law Commission is now considering proposals to make prenuptial contracts legally binding, putting an end to ever-increasing goldmine divorce settlements, like the British record of pounds 100m signalled for the wife of Russian oligarch Boris Berezovsky.
Pre-partnership agreements, like prenuptial contracts for heterosexuals, will not be legally binding but could be taken into consideration by the courts if a civil partnership breaks down.
There are measures you can take, however, to safeguard your financial future if you are living with your partner, one being to make a so-called ``living together agreement'' The forms - similar to the prenuptial contracts much loved by Hollywood stars like Michael Douglas and Catherine Zeta Jones - are backed by the Government, and can be downloaded from the advicenow.