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What is a prenup? A prenuptial agreement, commonly referred to as a prenup, is a written contract you and your spouse enter into before getting legally married. It details exactly what happens to finances and assets during your marriage and, of course, in the event of divorce.
2. Prenups make you think less of your spouse. And at their root, prenups show a lack of commitment to the marriage and a lack of faith in the partnership.Ironically, the marriage becomes more concerned with money after a prenup than it would have been without the prenup.
Despite the fact that a prenup is arranged before a marriage, you can still sign one after exchanging "I do's." This contract, known as a post-nuptial agreement, is drafted after marriage by those who are still married and either are contemplating separation or divorce or simply want to protect themselves from the
However, a prenuptial agreement, or "prenup," can also have an impact on inheritance in the event of a spouse's death.Then, when the surviving spouse later dies, those assets will be passed on to his or her children, leaving the children of the first spouse out in the cold.
Premarital agreements (also called prenuptial agreements or "prenups") are a common legal step taken before marriage. A prenup establishes the property and financial rights of each spouse in the event of a divorce.