Understanding Prenups: Protecting Your Assets Before Marriage
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Are you prepared to protect your assets before saying ’I do’? A prenuptial agreement ensures transparency and fairness by outlining asset division before the marriage even begins. Without full disclosure, your prenup could be invalidated.
prenuptial agreements AKA prenups are a contract between parties to determine how to end their marriage however the beauty of a prenup is it’s done before the parties get married what happens when you fill out a prenup you go see a trusted advisor an attorney and you bring all your asset information with you a document will be drafted and that document will have the following in it all of the assets and debts that the parties are bringing into the relationship ship at the time of marriage it would also have a valuation of those assets the parties can then decide whether or not they agree with the valuation of those assets because they’ve been disclosed if you have a prenup all assets have to be disclosed for it to be a valid prenup if not the prenup can be set aside what happens when the prenup is signed is that the prenup becomes a contract between the parties and that enables the parties if they separate to know what the separation will be when the prenup is filed with the court during a divorce that’s what the judge decides is the allocation of the assets and debts between the parties
