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prenuptial agreement |
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prenuptial agreement (antenuptial agreement) n. a written contract between two people who are about to marry, setting out the terms of possession of assets, treatment of future earnings, control of the property of each, and potential division if the marriage is later dissolved. These agreements are fairly common if either or both parties have substantial assets, children from a prior marriage, potential inheritances, high incomes, or have been "taken" by a prior spouse. (See: antenuptial agreement) |
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We strongly recommended a prenuptial agreement in order to protect the depletion of the executives' assets. My view is everybody should at least explore whether or not a prenuptial agreement would be right for them," Weston said, noting that tangible assets aren't the only thing at stake. Absent a prenuptial agreement to the contrary, earned income is community until separation, reportable fifty-fifty by each spouse, and earned income after separation is the separate income of the spouse who earned it. |
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prenuptial agreement