PREMARITAL / PRENUPTIAL AGREEMENTS
A Premarital/Prenuptial Agreement (referred to as "prenup" for short) is a written contract between two people drawn up before marriage. It generally details any and all property either party owns (along with any debts) and what each person's property rights will be after marriage and sometimes whether alimony will be paid if the couple should divorce. Also, a prenuptial agreement may state what is to be done about property distribution should one of them die.
The Uniform Premarital Agreement Act provides for division of property due to separation, divorce and death, alimony, wills, ownership of property as well as management and control, and life insurance benefits.
|
