A prenuptial agreement (also called an antenuptial or premarital agreement) is a written contract between two people who are planning to marry. Usually, couples sign prenuptial agreements to address certain issues that might come up if they get divorced or when one of them dies, such as:
Although many people think that prenuptial agreements are only for the very rich, many other couples might have a good reason to sign a premarital agreement. For example:
State laws on prenuptial agreements vary, so it's important to know the requirements for a valid agreement in your state. For instance, you might want to agree neither of you will receive alimony if you get divorced, but some states won't allow you to do that in a prenup.
Even if you draft your own prenup, it's important that you understand all of the potential consequences as well as the legality of your agreement. So both you and your fiance should have your own separate lawyers review the agreement before you sign. (In fact, some states require that.)
State Prenuptial Agreements: