"Marriage is a romance, but legally, it is also a financial partnership. While no one anticipates separation, a prenuptial agreement acts as a crucial roadmap to protect your assets and save you stress down the line. But if you have already exchanged vows, is it too late? Absolutely not. Whether you are engaged or celebrating an anniversary, you can still secure your future."
"What is a Prenuptial Agreement? A prenuptial agreement (commonly called a prenup) is a written contract created by two people before they are married. It lists all of the property each person owns (as well as any debts) and specifies what each person's property rights will be after the marriage. Think of it as financial insurance. You hope you never need to use it, but it offers peace of mind knowing it is there."
Marriage combines romantic and legal financial partnership aspects, and legal agreements can protect assets. Prenuptial agreements are written contracts created before marriage that list property and debts and specify post-marriage property rights. Prenups serve as financial insurance, offering peace of mind. Individuals who own businesses or real estate, have children from prior relationships, face unequal debt levels, or expect substantial inheritances particularly benefit. Key benefits include asset protection, debt protection, and clarity for spousal support and asset division. Legal treatment differs between jurisdictions: prenups are generally binding in the US, while UK courts give them decisive weight when they are fair and procedurally sound.
Read at Business Matters
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