Define: Antenuptial Agreement

An antenuptial agreement, commonly referred to as a prenuptial agreement or prenup, is a legal contract entered into by individuals before marriage. It outlines the rights, obligations, and distribution of assets in the event of divorce or death of one of the spouses. Typically, prenuptial agreements address matters such as property division, spousal support, inheritance rights, and other financial considerations. These agreements are designed to provide clarity and protection for both parties, particularly in situations where one or both individuals have significant assets or liabilities. Prenuptial agreements are subject to state laws and must be entered into voluntarily by both parties with full disclosure of assets and without coercion or duress. They can be valuable tools for couples to establish financial expectations and protect their interests in the event of marital dissolution.

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This glossary post was last updated: 29th March 2024.