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What Is a Prenup? A prenuptial agreement is a written contract created by two people before they're married. Typically, a prenup lists all of the property each person owns and debts they owe, and it spells out each person's property rights during the marriage and in the event that they later get divorced..
The prenuptial agreement typically addresses items like the characterization of income during the marriage, division of financial responsibilities, day-to-day living expenses, property distribution, and even its own termination. Many couples are surprised to find out what may and may not be included in such agreements.
It typically lists each person's assets, debts, and outlines how they'll be handled should the couple divorce later on. Prenups can be a valuable financial tool. While they may be difficult to think about while planning a wedding, prenups can provide comfort in knowing you'll be protected.
Couples in California Can Write Their Own Prenups Under the California Uniform Premarital Agreement Act, as long as the contract respects and fulfills the state's legal requirements, it will be viewed as a valid and legally binding agreement with or without input from a licensed attorney.
Our Prenuptial Agreement Checklist Disclosure of Financial Information. ... Property and Income. ... Debts and Liabilities. ... Inheritance Rights & Estate Planning. ... Alimony and Spousal Support. ... Business Interests. ... Waivers and Promises. ... Division of Assets in the Event of a Terminating Event.