The Diamond in Your Engagement Ring May Last Forever...Your Marriage May be Another Story


Death and divorce are understandably unromantic topics for any couple to approach when they are planning on spending the rest of their lives together, but planning for these events, one certain and the other increasingly likely, is part of handling the business of marriage.

A prenuptial agreement, commonly called a "prenup" can be a powerful tool in preparing for divorce and the death of a spouse.

A typical prenuptial agreement discloses each person’s assets and liabilities that they bring to the marriage. The agreement generally will settle financial and property issues that arise in the event of divorce or death—who gets the house, who pays spousal support,often called alimony, and what property will be considered separate or marital. Most importantly, prenuptial agreements settle the issues normally governed by family and estate laws so that these laws are typically overridden by the agreement. This can help to avoid drawn out legal battles in divorce court or probate.

These agreements can also be entered into after marriage and are then called postnuptial agreements.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Afi Johnson-Parris, The Law Office of Afi Johnson-Parris, PLLC | Attorney Advertising

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