A prenuptial agreement is a legal document that a couple enters into before they get married. It makes clear what assets each person brings into the marriage and how those assets will be divided if the marriage ends in divorce. In some cases, prenuptial agreements can address how future income and assets will be divided as well.
There are many different uses for a prenuptial agreement, such as when one spouse enters a marriage with a lot more assets than another. Another example is if one spouse expects to make a lot of money, such as a couple getting married while one partner is in school to be a doctor.
A prenuptial agreement can also be used to guarantee that some assets are to be given to children from previous relationships or for one spouse to protect themselves from being legally responsible for the other’s debt. An agreement along these terms can be made after a marriage ends, but it is then called a postnuptial agreement.
A Columbia, MD family law attorney can provide more information about prenuptial agreements.