Antenuptial Settlement (noun): A legal agreement entered into by a couple before their marriage, outlining the division of assets, property, and financial responsibilities in the event of divorce, separation, or death. Also known as a prenuptial agreement or prenup, an antenuptial settlement aims to protect the interests of both parties and establish clear guidelines for the distribution of wealth and property acquired during the marriage. It typically includes provisions for spousal support, child custody, and the handling of debts and liabilities. Antenuptial settlements are often recommended for individuals with significant assets, business interests, or previous marriages, providing a level of financial security and minimising potential conflicts in the future.
An antenuptial settlement, also known as a prenuptial agreement or prenup, is a legal contract entered into by a couple before their marriage or civil partnership. It outlines the rights and obligations of each party in the event of divorce, separation, or death.
The purpose of an antenuptial settlement is to protect the assets and interests of both parties, particularly in relation to property, finances, and other valuable possessions. It can address issues such as the division of property, spousal support, inheritance rights, and the handling of debts.
For an antenuptial settlement to be legally binding, it must meet certain requirements. These include full disclosure of assets and liabilities by both parties, voluntary and informed consent, and the absence of any undue influence or coercion. It is advisable for each party to seek independent legal advice before signing the agreement to ensure their rights and interests are adequately protected.
Antenuptial settlements are recognised and enforceable in many jurisdictions, although the specific laws governing their validity and enforceability may vary. Courts generally uphold these agreements unless they are found to be unconscionable, fraudulent, or against public policy.
In summary, an antenuptial settlement is a legal contract that allows couples to establish their rights and obligations in the event of a divorce, separation, or death. It provides a framework for the fair and equitable division of assets and can help protect the interests of both parties.
This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.
This glossary post was last updated: 11th April 2024.
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