Drawing up a prenuptial agreement
What we’ll cover
- About Prenuptial Agreements
- Prenuptial Agreement FAQs
- Prenuptial Agreement checklist
What is a Prenuptial Agreement?
A Prenuptial Agreement is a financial contract between two people before they are married. Often called Prenups, Prenuptial Agreements are two-way contracts intended to protect both spouses' assets and to outline who carries the burden of specific debts. These documents outline the assets and debts of each person and how these assets and debts should be managed if the relationship dissolves or a spouse dies.
Prenups are not just for the rich and famous, they are suitable for any couple who wants to responsibly manage their finances, whether they are together or separate.
When to use a Prenuptial Agreement:
- You want to decide how assets each of you already own will be managed before you marry.
- You want to protect you or your children's expected inheritance.
- You plan on taking on debt you don't want your spouse to be liable for.
- You want to protect a personally-owned business or business partners ask you to shield your mutually-owned business.
- You do not want your default state laws to control the distribution of property should you divorce.
Sample Prenuptial Agreement
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