Prenuptial Agreement
A prenuptial agreement, often called a prenup, is a legal contract entered into by two people before they get married. The agreement outlines the division of assets and financial responsibilities in the event of divorce or the death of one spouse. Prenups are often used to protect the assets of one or both individuals, especially in instances where one or both spouses has significant wealth, business interests, or family inheritance that they wish to safeguard.
The specifics contained in a prenuptial agreement can vary depending on the circumstances and preferences of the individuals. They often address the division of premarital assets and marital property, spousal support provisions, and the handling of financial responsibilities during the marriage.
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