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)

prenuptial agreement

see ANTENUPTIAL AGREEMENT.
References in periodicals archive ?
Following recent reports that prenuptial agreements are soon to be given legislative support, comes a case in which the current attitude of the courts towards prenuptial agreements has been made clearer.
He says that people should review prenuptial agreements a few years into the marriage to reflect a change in circumstances, such as the birth of a child or an illness.
Overall, 63% of AAML members have cited an increase in the number of prenuptial agreements during the past three years, while 36% stated no change, and 1% saw a decrease.
Tamara Smith, of Contact Law, comments: “Although it's traditionally expected that men are the instigators of a prenuptial agreements, our survey shows that women are becoming increasingly aware of the necessity to protect themselves as best they can.
8 percent of Chinese married couples have entered into prenuptial agreements.
Prenuptial agreements have been acknowledged in the UK in 2010 after the Supreme Court formally stated that the agreements should take effect only if both parties wanted to enter into it freely and without any force, Riaz said, adding that "there must be full and frank disclosure of assets by both sides and agreements must be signed in good time after a cooling off period.
After the divorce case of wealthy heiress Katrin Radmacher last October, which saw the Supreme Court back the enforceability of prenuptial agreements, the Law Commission has announced it is carrying out a consultation, with the possibility of making pre-nups legally binding.
The only time a prenuptial agreement seems reasonable is when one person has a substantially greater number of assets than the other at the time of engagement or marriage," she said.
From the 164 couples, one third is in Sofia, flowed by the Black Sea capital Varna with 11 families with prenuptial agreements.
Paul Weltz, a partner in the law firm Weltz & Weltz who has worked on numerous celebrity prenuptial agreements, said a prenup between Jared and Ivanka would probably be incredibly detailed, since there is "theoretical," or inherited wealth involved.
If ever there was a case for prenuptial agreements, this is it.
Prenuptial agreements are becoming more common, as parties wish to protect their assets before entering into marriage.