A premarital (or prenuptial) agreement, or simply a "prenup," is a good preparation for marriage, as the parties must discuss finances. This sort of discussion about financial priorities and goals is much better before the wedding than after.
It is an agreement signed before marriage, covering what happens in the event of divorce or death, or both. The primary purpose is to protect premarital or family assets.
It is a private agreement, allowing the parties to design financial terms for their marriage. Mediation is a good method of working out a prenup as the parties will have to have open discussions about finances.
For more information, refer to our Premarital Agreement FAQ.
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