Prenuptial Agreement

A Prenuptial Agreement is a legal document created by two individuals who plan to marry, outlining the division of assets and liabilities in the event of a divorce or separation. Prenuptial agreements can be used to protect individual assets, clarify financial expectations, and potentially minimise conflicts in the event of a divorce or separation.

Prenuptial agreements typically include provisions for the division of property, spousal support, and other financial arrangements. They may also address other issues, such as child custody and visitation. In order for a prenuptial agreement to be legally binding, it must be signed by both parties before the marriage takes place.

Prenuptial agreements are often used by individuals with significant personal assets, such as real estate, businesses, or investments, to protect those assets in the event of a divorce. They can also be used to protect future earnings, inheritance, or other financial interests. In addition, prenuptial agreements can provide a sense of financial security and clarity for both partners, potentially reducing conflicts and stress in the event of a divorce.