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prenuptial agreement
prenuptial agreementn. A legal agreement made between persons intending to marry, establishing certain conditions of the marriage and its dissolution, especially as pertaining to the individual ownership of certain property that would otherwise be considered jointly owned marital property under state law. Also called antenuptial agreement.prenuptial agreement n (Law) a contract made between two people before they marry, agreeing on the distribution of their assets in the event of divorce Translations
prenuptial agreement
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.prenuptial agreement
Prenuptial AgreementA legal and binding agreement that a couple enters prior to their marriage. Prenuptial agreements are commonly associated with the division of assets in the event of a divorce later in life, but they may also include other details such as how assets are distributed in the event of the death of a spouse. Prenuptial agreements are somewhat controversial as some see them as providing an expectation of divorce; they are designed, however, to reduce financial uncertainty in a marriage.prenuptial agreement A written agreement by a couple who plan to marry in which financial matters, including rights following divorce or the death of one spouse, are detailed. |