What is a Premarital (Prenuptial) Agreement?
A premarital agreement is a written contract created by two people planning to be married. The agreement lists all the property each party owns, as well as their debts, and it specifies what each person’s property rights will be after they marry. Premarital agreements often specify how property will be divided and whether spousal support will be paid in the event of a divorce. A premarital agreement accomplishes the objective of satisfying spouses’ needs for certainty that assets will be protected in the event of divorce.
