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 ?
Before working out the finer details of a prenup, LaRocca recommends that couples first and foremost get on the same page on what should be addressed, and each should have their own attorney while working out the agreement.
It featured their prenup outfits being pitted against regular items that brought to attention the case of who wore it better.
"Just 2% of the married respondents had entered into a prenup before getting married, with the vast majority (95%) never even discussing a prenup as an option," she said.
In such situations, a well-crafted prenup can delineate specific assets that will go to those children after a possible divorce or the death of one spouse.
Generally speaking, a prenup is a contract between two people planning to marry.
Manhattanite Devorah Kessler, 35, and her husband signed "the prenup" before they got married two and a half years ago, and to make sure their wedding guests knew it, the rabbi made an announcement under the chuppah.
Forty-six percent had noted a rise in women initiating requests for prenups.
We can reveal that the Oscar-winner, who is worth an estimated [euro]28million, did not sign a prenup with his ex-wife Talia Balsam.
Salomon, a world-class poker player, won 2.8 million dollars in the World Series of Poker Big One for One Drop recently, so under the community property laws Anderson gets half, unless there's a prenup. ( ANI )
Only recently a judge overruled a prenup agreement after he found that the partner's financial needs were not being met For family businesses and entrepreneurs who are thinking of entering into a prenup, it is important to note that there is no point in drawing up an agreement which is unfair or would not meet a spouse's financial needs, as it would likely be overruled in the event of divorce.