A prenuptial agreement, often called a prenup, is a legally binding contract signed by a couple before marriage. It outlines how assets, debts, and other financial matters will be handled in the event of divorce or separation.
Prenups can specify property division, spousal support, and other financial arrangements.
They aim to protect each party’s financial interests and provide clarity in case of divorce. Prenuptial agreements are common among couples with significant assets, businesses, or complex financial situations, and they can help prevent costly and contentious legal battles in the event of marital dissolution.