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 ?
Another available version can be inserted into general prenuptial agreements.
Can a person really afford not to draw up a prenuptial agreement in the protection of their hard earned wealth?
702, the prenuptial agreement operated as a waiver of wife's right to take elective share.
Ms Winter, whose legal specialisms also include cohabitation agreements, said the firm had seen an increase in the number of both men and women in Wales entering into a prenuptial agreement ahead of their weddings.
The rabbinical judges ruled that "despite the prenuptial agreement stipulating that in the case of a separation, no side will have any demands or claims, the court has decided to explain this clause as referring only to the personal property brought to the marriage by the couple and not to claims regarding the ketubah.
Prenuptial agreements are now becoming a regular occurrence and, as long as certain boxes are ticked, are likely to be upheld by a court.
Although signing a prenuptial agreement a few days before the wedding does not render it invalid, agreements should be executed at least 30 to 60 days prior to the wedding date.
Following recent reports that prenuptial agreements are soon to be given legislative support, comes a case in which the current attitude of the courts towards prenuptial agreements has been made clearer.
That is one reason why wealth advisers recommend a prenuptial agreement, especially if there are children from a first marriage.
Neither of the actors signed a prenuptial agreement when they tied the knot in September 2005.
If you want to limit this aspect of marriage you could draw up a prenuptial agreement.
While roaming, Klaw realized she once handled the car owner's prenuptial agreement with a young woman.