1. When two mature people who have the intention of getting married have highly valuable assets, prenups help outline how the different assets will be divided upon their separation.
2. Prenuptial Agreements before a second marriage are very key in protecting the children who are coming from previous relationships. The agreement will state the assets that will go to the spouse and children in the event of a divorce.
3. Prenuptial Agreements help to segregate inherited property or trust funds. It also accounts for how a gift given during marriage will be subdivided in the events of a divorce.
4. If there are any third parties with interest in assets or property apart from the spouse, this can be listed as a separate property in a prenuptial agreement.

Prenuptial Agreements are not applicable in determination of child support nor in determination of defining personal matters like relationships with family.

Contact us to know more about Prenuptial Agreements and Parental Responsibility Agreements.