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antenuptial 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. |
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An antenuptial agreement is a contract between two people who plan to marry. The Seventh Circuit also noted that previous courts had concluded that payments made under an antenuptial agreement or Marvin-type palimony payments are generally gifts, rather than taxable income. |
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antenuptial agreement
