Couples rarely enter into a marriage, thinking about property division in the event of a divorce. Yet all marriages end at some point or another, either through divorce or because of death. A prenuptial agreement is a legally binding document that protects people and their property. It ensures their desires at the start of the marriage are carried out. It can also be useful upon death. As such, it is a good idea to sign a prenuptial agreement prior to getting married.
What Is a Prenuptial Agreement?
Prenuptial agreements identify property and other assets a couple has at the start of the marriage, as well as how these assets will be allocated if the couple divorces. All property listed in the prenuptial agreement is simply divided as specified by each party at the beginning of the marriage.