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.
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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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
Media speculation surrounding Cheryl Fernandez-Versini's recent separation suggests that she may pay dearly for letting her heart rule her head by not entering into a pre-nuptial agreement with her now estranged husband.
And I predict I'll see lots more people come through the door for pre-nuptial agreements before marriage ( to make sure that if the worst happens they won't lose what they worked hard for."
"DO you promise to love, honour and obey the terms of your pre-nuptial agreement?"
Movie star Douglas and his Welsh bride hit the headlines when they thrashed out a pre-nuptial agreement aimed at protecting Douglas's pounds 150million fortune while providing for Catherine and their son Dylan.
Under the agreement Desktop Lawyer (http://www.desktoplawyer.co.uk) will provide couples planning for their wedding with the legal means of ensuring marital harmony, including access to its downloadable pre-nuptial agreements, legal content on such subjects as consumer law and a range of legal documents.
THE Government is backing pre-nuptial agreements as part of its plans to support the family.
The Lord Chancellor Lord Irvine said: "Pre-nuptial agreements would give couples a greater degree of certainty about the ownership of property if a marriage should end."
Pre-nuptial agreements benefit anyone with assets that need to be divided after a divorce, including in cases where parents have helped their children with housing purchases.
Although this has been an important case for family law, Ms Bell says it does not mean that all pre-nuptial agreements in the future will be binding.
LAW chiefs are considering legalising pre-nuptial agreements which decide how a couple's assets should be divided in case their marriage collapses.