LEGAL GUIDE
Written by attorney Bradley Ryan Coppedge | Nov 29, 2017

PRENUPTIAL AGREEMENTS: Domestic planning tool, estate planning tool, or asset protection tool?

A prenuptial agreement, also known as an antenuptial agreement, is a written agreement or contract between parties prior to entering into a marriage. The underlying purpose is to define the rights that each spouse has in the income, property or assets of the other at various times, particularly: during the term of the marriage, in the event of the dissolution of the marriage, or upon the death of either party. If an agreement is entered into after marriage, it is termed a post-nuptial agreement.

It is not just a domestic planning tool, not just an estate planning tool, and not just an asset protection tool. It is in fact all three.

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