Prenuptial Agreements
Protect your assets in marriage
A prenuptial agreement is a formal written contract between two people entering marriage. It is an important tool to protect assets and ensure clarity about the financial position of spouses.
What is a prenuptial agreement?
A prenuptial agreement can cover assets that one spouse owns at the start of the marriage or assets acquired later. It can also cover specific assets or all assets.
The agreement must be written and registered with the District Commissioner to be valid.
- Protects assets that existed before marriage
- Can cover inheritance or gifts
- Clarifies the financial position of both parties
- Simplifies asset division if divorce occurs
When is a prenuptial agreement useful?
A prenuptial agreement is especially useful when one or both spouses own significant assets before marriage, run a business, or expect an inheritance.
It is also wise to make a prenuptial agreement if there is a significant difference in the assets of the spouses.
Frequently Asked Questions
A prenuptial agreement is a formal written contract between two people entering marriage. It can cover assets owned at the start of the marriage or acquired later. The agreement must be written and registered with the District Commissioner to be valid.
Contact us to discuss prenuptial agreements.