A prenuptial agreement (“prenup” for short) is a written contract created by two people before they are married.

A prenup typically lists all of the property each person owns (as well as any debts) and specifies what each person’s property rights will be after the marriage.

Although prenuptial agreements are often associated with celebrity couples they are certainly not exclusively for this area of society.

Personal or Business Assets

Any couple who has personal or business assets and brings them into a marriage can benefit from a prenup. In it’s simplest format a prenutial contract lists an inventory of premarital assets that in the event of a divorce will remain the property of their original owner.

A prenup can be of benefit to both parties prior to marriage because they set out and preserve the expectations of the parties and prevent any surprises should a relationship unfortunately end in a divorce.

The agreements can also specify that future income from a business or additional assets accrued through inheritance are not to be shared with your spouse should the marriage end.

Contact Judkins

Practical Wisdom. Caring Advice. Results.

For any of the issues we cover please call us for a free chat and discover how simply talking to a professional lawyer can really help
Contact Judkins