A prenuptial agreement is an agreement between a couple engaged to be married. It is best that the terms of a prenuptial agreement are negotiated well in advance of the wedding. There are various reasons a couple may decide to enter into a prenuptial agreement; for example, it may be used to outline the way assets will be dispersed in the event of the death of one of the spouses, or following a divorce.
It’s imperative that both the bride and groom provide full disclosure of all their assets and liabilities when entering into a prenuptial agreement. The couple may address the terms of any spousal support in the event of a divorce. However, if there is a divorce, the Court will determine spousal support based on the circumstances at the time of the divorce, not at the time the agreement was executed.