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 ?
A pre-nup can give both parties security about their financial future if they are drafted correctly and deal with needs and fairness.
There was one particularly telling example in which the party signed a post-nup agreement - the principles of which are the same as for pre-nups - and neither of the parties had been aware the husband had a substantial pension interest which should have been taken into account.
It might seem unromantic but if you are getting married and have a few pennies in the bank, you might be wise to consider a pre-nup as it offers you protection and could save you and your spouse money.
When talk of a pre-nup came up, it wasn't a big deal.
Given the uncertainty and stress of ending a marriage through the courts, even on cases with smaller assets, it is little wonder that pre-nups are rising in popularity.
But although Kim will get a chunky $1m for every year she is married to Kanye, the pre-nup apparently has that capped at $10m.
A pal of the 48-year-old actor said that Sheen is besotted and wants the marriage to happen as soon as possible but just about everyone around him, including his family, think he's nuts not to sign a pre-nup.
The lovebirds are part of a new breed of couple in Manhattan whose pre-nup covers not only what goes on between the sheets but their hobbies, date nights, "cuddle time" and even how much weight they can put on.
One of the biggest misconceptions with pre-nups is that they are only for the rich and famous.
The Law Commission is currently conducting a public consultation on marital property agreements - commonly known as pre-nups.
As the law currently exists in the UK, pre-nups have no legal standing and the judgment of the divorce court dictates a settlement.
I now know the facts, and I now see that pre-nups are a must for all of us who are already making excellent salaries, in order to protect our futures.