Tag Archives: prenuptial agreements
A prenuptial agreement is designed to safeguard spouses (or oftentimes one spouse) in the unexpected event of a divorce. Preunps are primarily implemented to protect business interests, financial assets, and often to establish the terms and conditions for spousal support in the event of a divorce. A key element in creating a valid and legally-binding prenuptial agreement is to ensure that the agreement was reached with full disclosure of the respective financial circumstances of the parties involved. Courts will often nullify a prenuptial agreement that was reached without a complete exchange of financial information by both parties.