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Prenuptial Agreement

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Prenuptial Agreement - Cubelaw

What is a Prenuptial Agreement?

A Prenuptial Agreement, or also known as “antenuptial agreement”, or “premarital agreement” is an agreement made by a couple before getting married. This agreement or written contract deals with the ownership of a couple’s respective assets should the marriage fail.

Who should get a prenuptial agreement?

While some people may have no need for a prenup, people with larger net worths than their partner may want to secure their assets, in case of a separation. If one partner carries a significant amount of debt compared to the other, it can be advantageous to establish a prenuptial agreement. After marriage, the burden of debt may fall on one individual, which may result in the obligation to repay it even after the marriage has ended. With a prenup in place, this responsibility can be avoided.

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