A prenuptial agreement’s financial terms determine any monetary settlements upon divorce
A prenuptial agreement (prenup) is a legally binding contract that specifies how assets and finances will be handled if a marriage ends. The amount of money you may receive depends entirely on the specific terms negotiated and agreed upon before marriage.
A properly structured prenup typically addresses:
- Property division – how assets acquired before and during marriage will be split
- Financial support – whether spousal support (alimony) will be provided
- Asset protection – safeguarding of family businesses, inheritances, or other specific assets
- Debt responsibilities – how shared and individual debts will be handled
It’s essential to have independent legal counsel review any prenuptial agreement before signing to understand your financial rights and obligations fully.