A prenuptial agreement, or prenup, is a legally binding contract signed by a couple before they get married. It outlines how their assets, debts, and spousal support will be handled in the event of divorce or death. Prenups aim to protect each party's individual financial interests and provide clarity regarding property division and alimony.
A prenup is binding and assists in the administration of custody battles and can legally determine the monthly amount each parent will contribute to the welfare of their children during marriage and in case of a divorce.
A prenuptial agreement exemplifies the rights of each party upon death or divorce and serves the interest of both parties rather than the man only as is commonly perceived.
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