What is a Prenuptial Agreement?

Accel Admin   July 28, 2015   Comments Off on What is a Prenuptial Agreement?

• A prenuptial agreement is an agreement between parties who are contemplating getting married in the near future.
• It is designed to set forth a set of rules that might be different from what the default provisions of the law would be upon divorce or separation in the future.
• It is often done when one party has significantly more assets than the other.
• It can also be done as a way to keep family’s  assets separate despite the fact that they are getting married.
• Pre-nups are the source of much litigation down the road when people are getting divorced.