Prenuptial Agreements
Prenuptial agreements are legal contracts executed prior to marriage covering the division of property and spousal support in the event of a divorce or separation. While common among royalty, celebrities and wealthy people, they are becoming standard among many couples as a manner of avoiding a costly nasty dissolution of a marriage. Prenupts, … Keep Reading → also called prenups or premarital agreements, are also popular among business owners where issues relating to intellectual property and business assets are concerned. Similar type agreements negotiated after marriage are called postnuptial agreements, or postnupts. In some jurisdictions, prenuptial agreements may also incur penalties such as asset forfeiture if the divorce is the result of adultry or protect partners from property loss due to a business bankruptcy. Prenuptials seldom specify child support provisions since these are usually determined in the best interests of the children at the time of the divorce through divorce court of divorce mediation. While there are many benefits to prenupts, some partners feel they doom a marriage by bringing up the potential of divorce prior to the marriage. Learn more about prenuptial agreements and what they may cover in this Hub.
