Prenuptial agreements are basically agreements where parties prior to getting married will sign and will detail out some of the details of what’s going to happen should they ever get a divorce.
This includes issues of alimony, includes issues of inheritances and includes issues regarding separate property that the parties owned prior to the marriage.
So, for example, if the wife owned a house prior to the marriage this is considered a premarital property and it is typically not divided in the divorce but in order to avoid litigation to make sure that there are no issues later on that her husband might claim that he paid for the mortgage on that property, that he paid for upkeep, that he paid for anything in that property, you can have a prenuptial agreement that will specifically detail that regardless of any payments that house will remain a separate property.
The parties that need one, and really anybody who has something that they want to protect, or anybody who wants to make sure that should they ever need a divorce that their rights will already have been established while the parties were happy, were wanting to be together as opposed to when they’re actually thinking of a divorce where they’re unhappy and not wanting to be together.
So pre-nuptials really are a way of protecting yourself, your property, your inheritances and your rights for a time when you may not be getting along with your spouse in the future.See all videos