A prenuptial agreement outlines financial arrangements and property division in case of marriage dissolution.
A comprehensive prenuptial agreement typically includes several key elements that protect both parties’ interests. This legal document establishes clear guidelines for managing financial matters if the marriage ends.
Common elements included in a prenup:
- Asset division – How property and investments acquired before and during marriage will be distributed
- Debt responsibilities – Allocation of existing and future debts between spouses
- Spousal support – Terms and conditions for alimony or maintenance payments
- Business interests – Protection of business ownership and future profits
- Inheritance rights – Provisions for inherited property and family heirlooms
- Retirement accounts – Treatment of pension plans and retirement savings