What Is a Prenup?
A prenup is an agreement made between two people before marrying. It establishes the couple’s rights to property and support in the event of a divorce or death.
Prenuptial agreements are used by couples who want to set down the terms of any future divorce before walking down the aisle.
- In some countries, a prenuptial agreement provides for what happens in the event of a divorce as well as ensuring the protection of property during the marriage in the case of bankruptcy.
- Prenuptial agreements are not legally valid in some countries.
- Prenups preserve the expectations of the couple and prevent surprises should there ever be a divorce trial.