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 ?
com/prince-harry-meghan-markle-unlikely-sign-prenup-agreement-source-says-2622197) Hawkhead said about Prince Harry and Markle getting a prenup agreement.
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.
Some clients create what I call "emotional prenups," which are not legally enforceable.
Therefore whilst couples would be able to opt out of 'sharing' they won't be able to use a prenups to opt out of providing for reasonable needs, for example for housing or money to live on.
We don't expect this measure to lead to every engaged couple in the country seeking a prenup, but for those couples who want to have one in place, it will make their legal situation much clearer and reduce uncertainty upon separation.
8220;In addition to celebrity culture, the law is looking at prenups more favourably now in the UK than it has done previously.
Prenups are a relatively new legal way of setting out what the financial arrangements will be if a married couple decides to divorce, having only first been accepted by courts in Australia in 2000.
Ever since her friend went through a bitter divorce, Katia Andrejev has been entertaining the idea of a prenup.
Luckily, it worked out fairly amicably but I guess it should have taught me that prenups and the like are a sensible avenue to go down.
When it comes to prenups for medical device businesses, it's better to have them and not need them than to need it and not have it.
matrimonial attorneys surveyed recently report particularly high interest in prenups among baby boomers, who are now in the 40-60 age range.