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 ?
More recently the rise in second and subsequent marriages has made the pre-nup more common to protect the interests of the children of the first family from the potential claims of later unions.
Here are a few tips on how to get it right: DON'T DO IT YOURSELF The internet is full of templates offering quick ways of drawing up a pre-nup without involving lawyers.
We have certainly seen an increase in the number of clients looking to put in place pre-nuptial or pre-partnership agreements, and I think there is no reason why same sex partners won't be considering pre-nups before their marriage or civil partnership.
The pre-nup is also reported to state that their Bel Air mansion will be in Kim's name, even though Kanye is footing a majority of the bill, and she will keep all jewellery and gifts from him.
Pre-nups can also be useful where there are international aspects in a relationship.
Also, given the reforms of the Legal Aid system in the UK, making pre-nups legal is one way to reduce the burden on the public purse.
As well as learning to bend it like Beckham, players are going to have to bone up on things like pre-nups.
No decision has been taken yet on introducing a new law, but the minister is reportedly investigating what impact pre-nups would have on families.
The brunette beauty stole the spotlight with her recent engagement announcement, with numerous stories of pre-nups and baby plans circulating on the gossip mill, reports Fox News.
After the divorce case of wealthy heiress Katrin Radmacher last October, which saw the Supreme Court back the enforceability of prenuptial agreements, the Law Commission has announced it is carrying out a consultation, with the possibility of making pre-nups legally binding.
However many lawyers have reinforced the point that pre-nups are still not binding in the UK and would only become so if the Government allowed a change in legislation.
But I do also get quite depressed when I hear about pre-nups because, although sensible, they're also MASSIVELY unromantic.