Prenuptial Agreement

Prenuptial Agreement
 
A prenuptial agreement ("prenup" for short) is a written contract created by two people before they are married. A prenup typically lists all of the property each person owns (as well as any debts) and specifies what each person's property rights will be after the marriage.
 
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While prenups usually aren't bad ideas, they aren't always necessary. For couples with significant financial assets on either or both sides, a prenup might be a good idea. ... There are a host of other reasons to think about getting a prenup. Namely, divorce (without a prenup) can seriously affect your credit.
 
When a couple has a prenuptial agreement, and the agreement is severed by death, not divorce, the prenuptial agreement may still be enforced upon the surviving spouse. This may lead to the surviving spouse not receiving their rightful half of the decedent's inheritance.
 
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