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 ?
Asserting the importance of a pre-nuptial agreement Brookman said: "The absence of one is significant.
Gareth Deighan looks at how the decision could mean more pre-nuptial agreements
As the law stands, a pre-nuptial agreement in England and Wales will not be definitely binding upon divorce but will be taken into account by the court at the time of divorce and greater weight will be given to the agreement if the parties disclosed their financial circumstances to each other and received appropriate legal advice before the agreement was entered into.
It appears the pair do not have a pre-nuptial agreement, in which case their earnings over the last 25 years would be split evenly.
"While many engaged couples may object to the idea of signing a pre-nuptial agreement, if they were to become legally binding they would play a key role in overcoming the inheritance tax planning blockages we see affecting many families."
IT'S not terribly romantic to make a pre-nuptial agreement but, following the landmark case of German heiress Katrin Radmacher and her former husband Nicolas Granatino, such documents are likely to become more common.
FAMILY lawyers have been eagerly awaiting the Supreme Court ruling in Radmacher versus Granatino - a case involving a wealthy German wife and a French husband who entered into a pre-nuptial agreement in Germany.
YOU may want to consider consulting a local solicitor with regard to a Pre-Nuptial Agreement. Pre-Nuptial Agreements are not as yet legally binding in the United Kingdom, but are persuasive should the marriage breakdown, and can be viewed by the court as a very good indicator as to the parties' intentions at the time of their making it, and in contemplation of marriage.
The New York Post reported that Carey's family were shocked by the chart-topping diva's sudden nuptials, which were so hurried, that she didn't even bother with a pre-nuptial agreement, despite being worth millions.A Mariah, who is 11 years older than her new husband, first sparked rumours of a romance when she was seen arriving at the recent Tribeca Film Festival arm-in-arm with Cannon.
ANY business owner contemplating marriage should seriously consider entering into a pre-nuptial agreement to reduce the risks to their business should their marriage end in divorce.