What Is A Prenuptial Agreement, And What Does It Cover?

A prenuptial agreement, commonly known as a prenup, is a legally binding contract that couples enter into before getting married. It outlines how various financial matters will be handled in the event of a divorce or separation. Prenups typically cover a wide range of topics, including the division of property, spousal support (alimony), inheritance rights, and the handling of debts acquired before and during the marriage. It can also address other non-financial issues, such as specific provisions related to children, family businesses, and pet custody. Overall, a prenuptial agreement provides clarity, transparency, and peace of mind for both partners as they enter into a marital union.