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 ?
Mr Harris James said: "If pre-nups were enforceable, as I think they will be within ten years in this country, more people might be encouraged to get married.
Like the pre-nup, the post-nup agreement sets out the parties' rights, obligations and liabilities if things should go sour.
This, says Mr Harris James, was partly because many A-listers had regretted not making a pre-nup.
The admission of a pre-nup flies in the face of previous rumours suggesting Blake was keen to get his hands on a large part of her pounds 10million fortune if their rows ever turned to divorce.
Like the pre-nup, the post-nup agreement sets out the parties' rights, obligations and liabilities upon the termination of marriage either by death or divorce.
I would say that for everyone, from the fabulously wealthy to the average person in the street, the points we should take from the judgements are that pre-nups are worth drawing up and that we should not panic in terms of 'fault' as conduct would only apply if for example one partner spent hundreds of thousands of pounds on the affair.
but Katie Holmes and Tom Cruise had an iron-clad pre-nup
Bet Macca's wishing The Beatles had recorded All You Need is Pre-Nup.
Rapper Kanye West even sang about it in his number one hit single Golddigger and for those Hollywood A-listers that have millions in the bank, protecting their assets by means of a pre-nup is a regular business proposition when marriage is on the cards.
"It would be unacceptable for one of the partners in a relationship to rely on an agreement which was made when both parties had careers and there were no children on the scene, so a review clause should be built into the pre-nup