About Pre Nuptial Agreements
A pre-nuptial agreement is sometimes called a pre marital agreement or more commonly a ‘pre-nup’.
Whatever you wish to call it, it is essentially an agreement that is entered into before marriage and which attempts to deal with the couples assets in the event that the marriage breaks down by separation or divorce.
Taking out A Pre Nuptial Agreement is prudent financial planning and can include:
- The rights and obligations of each partner concerning any property
- The disposition of property
- Division of personal possessions
- Practical matters like joint accounts
- The provisions for spousal support
- What will happen to life insurance, pensions and other policies
- The provisions of a family business
- Any other matter which regards personal rights and obligations
When you take one out you are proving to each other that you want your marriage to be based on fair and equal grounds. You are showing everything you have, literally laying your cards on the table.
