You Need to Know Straightforward Overview About Prenuptial Agreement
Straightforward & Clear Overview Of Prenuptial Agreement A prenuptial agreement , often referred to as a "prenup," is a legal contract signed by a couple before they get married. Its primary purpose is to outline the division of assets and responsibilities in the event of a divorce or separation. Prenups can also address financial issues that might arise during the marriage. What It Is A prenuptial agreement is designed to protect the interests of both parties by clearly defining how assets and debts will be distributed if the marriage ends. It can cover a wide range of topics, including property division, spousal support, and financial responsibilities. It is particularly useful for individuals with significant assets, business interests, or those entering a second marriage. How It Works To create a prenuptial agreement, both parties must disclose their financial situations fully. The agreement must be in writing and signed by both parties, ideally with the assistance of...