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July 25, 2026 - 08:52 PM
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What Is a Prenuptial Agreement? A prenuptial agreement, known informally as a prenup, is a legal contract that couples can sign before heading into marriage. Essentially, this agreement acts as a financial safety net for both spouses in the event of a divorce, making sure that each person’s assets remain their own. Although any couple can sign a prenuptial agreement, they tend to be more common for people with lots of money, larger assets, and business interests, along with those who have been married before and want to protect their property the second time around. The main objective of a prenup is to clarify exactly how a couple’s assets, as well as debts, will be split up if they decide to part ways. A prenuptial agreement can also define how spousal support or other financial conditions and divorce processes will be established if separation becomes a reality. In a high-asset marriage, a prenuptial agreement can be a useful tool to protect such assets and can help couples avoid potentially long and costly legal disputes over those assets throughout a divorce proceeding.

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