Prenup – What Is It??

Getting married?

A Prenup is a legal document drawn up because either one of the couple getting married ‘has money’…… whether it is ‘family’ money or money held in a trust for them or maybe because one of them owns or co-owns a business.

The Prenup will keep whatever that money is and however it is involved with the person, it will keep it totally separate from the marriage money, and in the event of a divorce it will also keep it ‘safe’ from any payments or sharing of it to the other individual.

The Prenup is drawn up and signed ….. Before….. the marriage takes place.

And yes, sometimes it may seem unloving or cold or some other adjective to describe it, but it truly is not. It is a ‘vehicle’ to keep the money as safe as it was before, during and after the marriage.

The ‘other’ person of the couple will usually share in the benefits of it during the marriage, ie: a home, car, clothing, entertainment etc, but should the marriage dissolve for any reason, that money is safe from the divorce and any ramifications of it…… as though it weren’t there.

If either of the couple has money or owns a business, a Prenup is definitely something that should be drawn up legally and before you say ‘I do’.