Prenuptial agreements have long been associated with the wealthy, as a way to keep family heirlooms from a greedy spouse. In fact, the stigma of who and what a prenuptial protects can deter couples leaving loved ones and assets unprotected. While prenups have become more common over recent years, there is still a lot of unknown information about what a prenup is, who and what it can protect, and why it is important.
What is a prenuptial agreement?
Also known as a prenup, this agreement works to determine the terms of a divorce or asset distribution in the case of death. Agreeing to terms of a divorce even before you get married can seem a bit extreme and perhaps unlucky. However, even without any marital doubts, forming a prenuptial agreement can be beneficial for both parties.
What does a prenup do?
Prenuptial agreements can cover almost anything that both of the spouses agree to, but they are often used for a specific range of reasons. Partners use prenups to protect assets acquired prior to the relationship and can declare rules for rights to assets obtained during the relationships.
To read more about what prenups can do and why they're so important, head to CarinMaxey.com
