A prenuptial agreement, also known as a prenup, is a legal document that outlines the terms and conditions of a couple`s financial and property rights in the event of divorce or death. It can also include provisions for spousal support and custody arrangements.

If you are considering getting a prenup, it is important to understand what it is and how it works. Here are some key points to consider when defining a prenuptial agreement:

1. Purpose

The purpose of a prenup is to protect the financial interests and assets of both parties involved in the marriage. It is a way to establish clear expectations and guidelines for property division and other issues that may arise in the future.

2. Contents

A prenup can cover a variety of topics, including the division of property, spousal support, debt allocation, and even infidelity clauses. However, it cannot include provisions for child custody or support, as those issues are decided by the court based on the child`s best interests at the time of divorce.

3. Disclosure

Both parties must provide full financial disclosure before signing a prenup. This means disclosing all assets, debts, income, and expenses. If one party fails to disclose all financial information, the prenup may be invalidated.

4. Legal Representation

Each party should have their own attorney to review and negotiate the terms of the prenup. This ensures that both parties understand the document and that it is fair and legal in the eyes of the court.

5. Execution

A prenup must be signed before the wedding ceremony. If it is signed after the wedding, it is considered a postnuptial agreement and may be subject to different legal requirements.

Overall, a prenuptial agreement can provide peace of mind and clarity for both parties entering into marriage. However, it is important to seek legal advice and carefully review and negotiate the terms of the agreement before signing.